Spain : Financial System Stability Assessment

Publication Date: June 08, 2012

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Summary: This report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for Spain. Although there is a core of strong banks that are well managed and appear resilient to further shocks, vulnerabilities remain. Substantial progress has been made in reforming the former savings banks, and the most vulnerable institutions have either been resolved or are being restructured. Recent measures address the most problematic part of banks’ portfolios. Moving ahead, a further restructuring and recapitalization of some of the remaining weaker banks may be needed as a result of deteriorating economic conditions.
Series: IMF Staff Country Reports
Subject(s): Bank supervision | Banking sector | Financial Sector Assessment Program | Insurance supervision | Risk management | Securities regulations

Publication Date: June 08, 2012
ISBN/ISSN: 9781475504231/1934-7685 Format: Paper
Stock No: 1ESPEA2012001 Pages: 77
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