The application process lasted a total of 56 days, from the prior notification on 18 March to the authorization on 13 May. Counting from 29 March, the date on which the formal application for authorization was submitted, the process took 45 days, including a suspension of 19 days for consultation with the Spanish supervisory authority and for the acquisition of additional information from BBVA.
Instead of a five-year average, we can show a decade-long average. The chart in fact shows an eleven-year average, which allows the measure to be centred on the current year. To do this of course we need to make a five-year-ahead assumption.