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

June 14, 2006

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Spain: Financial Sector Assessment Program -Technical Note: Regulation, Supervision, and Governance of the Spanish Cajas, (USA: International Monetary Fund, 2006) accessed September 20, 2024

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.

Subject: Bank liquidation, Banking, Commercial banks, Credit, Economic sectors, Financial crises, Financial institutions, Legal support in revenue administration, Money, Public sector, Revenue administration

Keywords: ACs power, Bank liquidation, Board of directors, Business group, Central government, Commercial banks, CR, Credit, ISCR, Legal support in revenue administration, Public sector, Sanction savings banks, Savings banks system, Stabilization fund

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/215
Stock No:

1ESPEA2006006
ISBN:

9781451812183
ISSN:

1934-7685

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