Spain: Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights
IMF Staff Country Reports, November 13, 2017
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- Spain: Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights
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Bibliographic details
- Published: November 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484327166.002
Key findings on insolvency and creditor rights
- The regime for creditor and debtor rights largely conforms to international best practices.
- Registration of real estate mortgages is efficient, reliable, and cost-effective.
- Owing to nonperforming loans, real estate foreclosure has been extensively used in Spain.
- Real estate collateral plays a critical role because a very large percentage of loans are collateralized with real estate.
- The institutional framework supporting insolvency and creditor rights has been strengthened but requires further reinforcement and more resources.
Areas emphasized in the note
- Asset and liability management
- Collateral
- Debt restructuring
- Financial institutions
- Financial sector policy and analysis
- Legal support in revenue administration
- Revenue administration
- Securities
- Solvency
Keywords and thematic terms
- Collateral
- CR
- creditor right
- Debt restructuring
- debtor right
- EU insolvency directive
- Global
- insolvency administrator
- ISCR
- Legal support in revenue administration
- restructuring procedure
- Securities
- Solvency
Content in this bundle
- Country Report