Spain : Financial System Stability Assessment
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Spain’s banking system has been steadily progressing since the last FSAP. The authorities have made a significant reform effort. Together with the economic recovery, and support by the European Central Bank’s (ECB) accommodative policies, the banking system has strengthened its solvency and advanced in reducing nonperforming loans (NPLs). It is critical to keep the reform process moving and to build on the advances made during 2012–16. The four areas where momentum must endure are (i) accelerated cleanup of legacy bank assets, (ii) further improvement in bank profitability and capitalization, (iii) rigorous management of interest rate and liquidity risks; and (iv) reform of the institutional framework for financial oversight.
Series:
Country Report No. 17/321
Subject:
Anti-money laundering Bank resolution Banking sector Combating the financing of terrorism Crisis Prevention Economic indicators Financial risk Financial safety nets Financial soundness indicators Financial system stability assessment Liquidity management Macroprudential Policy Nonbank financial sector Spain
English
Publication Date:
October 6, 2017
ISBN/ISSN:
9781484323762/1934-7685
Stock No:
1ESPEA2017005
Format:
Paper
Pages:
55
Please address any questions about this title to publications@imf.org