Spain : Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

November 13, 2017

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Banking regulation and supervision of Spanish banks has improved considerably since the 2012 FSAP. Swift and determined action addressed the major weaknesses that led to the accumulation of imbalances in the banking system in the period leading to the crisis. This was a result of several factors, including the authorities’ commitment to implement the measures agreed at the time of the 2012 program for the restructuring and recapitalization of the banking system; the national transposition and implementation of European Union (EU) directives and regulations; and the establishment in 2014 of the Single Supervisory Mechanism (SSM) to which Banco de España (BdE) participates as a national competent authority (NCA).

Series:

Country Report No. 17/345

Subject:

English

Publication Date:

November 13, 2017

ISBN/ISSN:

9781484327241/1934-7685

Stock No:

1ESPEA2017015

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

55

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