Spain: Financial Sector Reform—Final Progress Report
February 20, 2014
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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.
Subject: Banking, Commercial banks, Credit, Financial institutions, Loans, Money, Public debt, Stocks
Keywords: aggregate demand, balance sheets, bank assets, bank capital, bank equity, capital ratio, Commercial banks, core business, CR, Credit, debt ratio, Europe, ISCR, Loans, private sector, Stocks, supply shock
Pages:
56
Volume:
2014
DOI:
Issue:
059
Series:
Country Report No. 2014/059
Stock No:
1ESPEA2014001
ISBN:
9781475517804
ISSN:
1934-7685
