Spain : Financial Sector Reform—Fourth Progress Report

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

November 22, 2013

Electronic Access:

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Summary:

This paper discusses findings of Fourth Progress Report on Spain’s financial sector reform. Implementation of Spain’s financial sector program remains on track. Essentially all measures specified in the program have now been implemented, as envisaged under its front-loaded timetable. Capital-augmentation measures arising from last year’s stress test are now complete, SAREB has almost concluded its organizational development and is now accelerating the liquidation of its assets, and key reforms of Spain’s financial sector framework have been adopted or put in train. Despite recent improvements, important risks remain, including those associated with the ongoing macroeconomic adjustment.

Series:

Country Report No. 13/331

Subject:

English

Publication Date:

November 22, 2013

ISBN/ISSN:

9781475531466/1934-7685

Stock No:

1ESPEA2013005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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