IMF Staff Country Reports

Spain : Financial Sector Assessment Program-Technical Note-Institutional Arrangements for Financial Sector Oversight

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

November 13, 2017

Electronic Access:

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Summary:

As Spain recovers from the 2012 banking crisis, attention is being placed on the appropriateness of the institutional framework for financial sector oversight. The complex and relatively fragmented set up has two main features—a strongly sectoral approach to prudential and conduct oversight and systemic risk surveillance, and the active direct involvement of government. The architecture has become more complex with the creation of the Banking Union, which inter alia has changed the nature of Banco de España (BdE)’s responsibilities for prudential supervision of banks.

Series:

Country Report No. 17/337

Subject:

Bank resolution Bank supervision Crisis Prevention Financial Sector Assessment Program Financial sector surveillance Financial stability Macroprudential Policy Spain