Spain: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securities Supervision, Payment Systems, Securities Settlement Systems, and Financial Policy Transparency

IMF Staff Country Reports, June 14, 2006

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Spain: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securities Supervision, Payment Systems, Securities Settlement Systems, and Financial Policy Transparency

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Bibliographic details

• Published: June 14, 2006
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451812152.002

Overview

• Publication date: June 14, 2006
• Report type: IMF Staff Country Reports; Country Report No. 2006/212
• Core assessment: The Financial System Stability Assessment found the financial sector to be vibrant, resilient, highly competitive, and well supervised and regulated.

Key findings

• The financial sector is described as:
  • vibrant
  • resilient
  • highly competitive
  • well supervised and regulated
• Stress tests:
  • Showed credit institutions and insurers to be highly resilient to a variety of shocks.
• Supervisory observance:
  • Found a high degree of observance of the principles dealing with effective supervision by the three regulatory authorities—the Bank of Spain, National Securities Market Commission, and the Directorate General of Insurance and Pension Funds.
• Payments and settlement:
  • The Committee on Payment and Settlement Systems Core Principles assessed that all principles are observed by the Real-Time Gross Settlement System.

Supervisory and regulatory authorities assessed

• Bank of Spain
• National Securities Market Commission
• Directorate General of Insurance and Pension Funds

Subject coverage and keywords

• Subjects: Banking, Credit, Financial institutions, Financial markets, Insurance, Insurance companies, Money, Payment systems, Securities
• Keywords listed in the source:
  • board of directors
  • Bolsas y Mercados Españoles
  • central bank
  • corporate governance
  • CR
  • Credit
  • credit institution
  • credit risk
  • Europe
  • executive authorities
  • financial market
  • financial system
  • Global
  • Insurance
  • Insurance companies
  • interest rate
  • internal audit
  • ISCR
  • monetary policy
  • Payment systems
  • risk assessment
  • risk management
  • Securities
  • short position
  • supervisory authority

Content in this bundle

• Spain: Financial System Stability Assessment; IMF Country Report 06/212; May 23, 2006
  • Spain: Financial System Stability Assessment; IMF Country Report 06/212; May 23, 2006 (Markdown version)
  • Spain: Financial System Stability Assessment; IMF Country Report 06/212; May 23, 2006 (PDF)