Spain : Financial Sector Assessment Program -Technical Note: Regulation, Supervision, and Governance of the Spanish Cajas

Author/Editor:

International Monetary Fund

Publication Date:

June 14, 2006

Electronic Access:

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Summary:

This report provides the background on the financial liberalization and deregulation process with special reference to Spain’s cajas de ahorros (savings banks). It provides an overview of the cajas’ governance structure and analyzes the regulation and supervision of cajas, with particular reference to the division of responsibilities between the central government (State) and the autonomous communities. It discusses the main challenges in terms of ensuring the cajas’ operational autonomy and leveling between savings and commercial banks. It also summarizes the main findings and provides recommendations.

Series:

Country Report No. 06/215

Subject:

English

Publication Date:

June 14, 2006

ISBN/ISSN:

9781451812183/1934-7685

Stock No:

1ESPEA2006006

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

30

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