Annex 14 - agreed, but nonetheless Iberia still need to rethink their policy;
Specifically, airlines typically resort to the so-called decelerated approaches as part of their fuel savings policies. Such approaches translate into shorter times to the threshold as compared to conventional approaches. This is the case with Iberia, which not only considers them in its Operations Manual, but recommends their use “whenever possible”
Considering the above - and the speeds stated in the incident report - the possibility for ATC to have averted this b@lls-up by assigning a speed limit to the approaching bus would have been well-and-truly nullified. The Iberia crew appear to have painted themselves into a corner and (unless the speed limit was assigned whilst they were still 20nm out) they would not have been able to wash-off the excess energy even if they wanted to (and I suspect they were already trying!).
Hot and slick approaches might appear to be the mark of an "ace" crew (and no one can deny they can save time and fuel....), but they reduce the tolerable margins for error in the operating crew, ATC, and other users of the airspace, to unacceptable levels.
IMHO to avoid these incidents we need to ALL be doing the same thing (no - not "hot" approaches) so operational expectations are consistent across all airlines and ATC.
Remember that there will always be new and old experience levels in the industry on both sides of the flight deck AND radio - we need to play it safe for it to be safe.