Spain: Basel Core Principles for Effective Banking Supervision: Detailed Assessment of Compliance Report

June 11, 2012

Summary

This paper assesses compliance of the Basel Core Principles for Effective Banking Supervision in Spain. Significant changes have occurred in Spain since the last Financial Sector Assessment Program (FSAP). The most serious has been the deterioration of the economy and the real estate sector. The dual legal framework governing Cajas poses the risk of potential conflicts in the exercise of supervisory and sanctioning authority. Other 2006 FSAP recommendations have been magnified with the perspective given by events from 2007 to 2011.

Subject: Bank supervision, Banking, Capital adequacy requirements, Commercial banks, Credit, Financial regulation and supervision, Internal audit, Internal controls, Money, Public financial management (PFM), Revenue administration

Keywords: Bank supervision, banking group, Capital adequacy requirements, capital ratio, central bank, CR, Credit, credit risk, Global, internal audit, Internal controls, ISCR, risk management, risk profile, senior management

Pages:
122
Volume:
2012
DOI:
https://doi.org/10.5089/9781475504293.002
Issue:
142
Series:
Country Report No. 2012/142
Stock No:
1ESPEA2012006
ISBN:
9781475504293
ISSN:
1934-7685

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