Portugal’s financial system is sound, well-managed and competitive, with shorter-term risks and vulnerabilities well … levels are well above the EU average, and corporate debt levels are also high, although bank credit to firms has been growing …

This Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision for Portugal … discusses the country's market structure. Portugal’s regulatory framework is modern and sound, and highly compliant with … international standards. Organic Law (OL) of Banco de Portugal (BdP) provides a clear framework, objectives, and responsibilities …