The Spanish Banking System consists of various financial institutions that provide services such as savings accounts, loans, and investment options. It is regulated by the Bank of Spain, which ensures stability and compliance with European Union regulations. Major banks include Banco Santander and BBVA, which operate both domestically and internationally. In addition to commercial banks, the system includes savings banks, cooperative banks, and credit unions. The Spanish banking sector has undergone significant reforms since the 2008 financial crisis, leading to increased transparency and improved risk management practices. This has helped restore public confidence in the banking system.