Spain : Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note

Author/Editor:

International Monetary Fund

Publication Date:

June 11, 2012

Electronic Access:

Free Full Text (PDF file size is 600 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This technical note examines the safety net, bank resolution, and crisis management framework in Spain. The financial safety net architecture for the banking sector comprises the Banco de España (BdE), the Fondo de Garantía de Depósitos (FGD), and the Fondo de Reestructuración Ordenada Bancaria (FROB). The note discusses that institutional roles and instruments of the FROB and the FGD need to be realigned. Given the current crisis, authorities should make it a key priority to promptly improve the tools to resolve banks in line with recent international practices.

Series:

Country Report No. 12/145

Subject:

English

Publication Date:

June 11, 2012

ISBN/ISSN:

9781475504323/1934-7685

Stock No:

1ESPEA2012009

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

39

Please address any questions about this title to publications@imf.org