Spain: Financial Sector Reform—Final Progress Report

Publication Date: February 20, 2014
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Summary: This paper discusses key findings of the progress report on financial sector reforms in Spain. Spain’s European Stability Mechanism (ESM)-supported program of financial sector reform aimed to assist economic recovery by promoting financial stability. The program was adopted in mid-2012. The Spanish authorities’ implementation of the program has been steadfast. All of the program’s specific measures are now complete. Major structural reform efforts in a variety of areas (including labor and fiscal policies) will need to continue to achieve sufficiently rapid growth to bring unemployment down to reasonable levels over the medium term.
Series: Country Report No. 14/59
Subject(s): Financial sector | Banks | Capital | Liquidity | Housing prices | Bank resolution | Bank restructuring | Bank supervision | Fiscal reforms | Technical Assistance | Spain

Publication Date: February 20, 2014
ISBN/ISSN: 9781475517804/1934-7685 Format: Paper
Stock No: 1ESPEA2014001 Pages: 56
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