Spain: Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks
November 13, 2017
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This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Spain in the area of banking supervision. Banking regulation and supervision of Spanish banks have 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. Further reforms are needed because the transformation of the banking supervision function is far from complete. Actions to address misclassification and underprovisioning of assets have shown very good progress, but oversight must continue.
Subject: Bank supervision, Banking, Cooperative banks, Corporate governance, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Loans, Money
Keywords: bank auditing, bank merger, Bank supervision, BdE inspection team, capital base, central bank, Cooperative banks, CR, Credit, Credit risk, data protection authorities, EU bank, Europe, general obligation, Global, interest rate, internal audit, ISCR, Loans, management body, resolution plan, return on equity, risk profile, supervision schedule
Pages:
55
Volume:
2017
DOI:
Issue:
345
Series:
Country Report No. 2017/345
Stock No:
1ESPEA2017015
ISBN:
9781484327241
ISSN:
1934-7685
