Meet The Law - Capital Markets
Bank of Portugal Code of Conduct on the Alteration of the Interest Rates or other Costs in Loan Agreements
On the 17th of May, the Bank of Portugal issued Circular no. 32/2011/DSC ("Code of Conduct"), which lays down a set of good practices to be observed by Financial Institutions and Financial Corporations, using clauses that allow the unilateral alteration of the interest rates or other costs, in the context of loan agreements.
Please check the PDF for more detailed information (Portuguese version only).