Spain: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securities Supervision, Payment Systems, Securities Settlement Systems, and Financial Policy Transparency
June 14, 2006
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The Financial System Stability Assessment found the financial sector to be vibrant, resilient, highly competitive, and well supervised and regulated. Stress tests showed credit institutions and insurers to be highly resilient to a variety of shocks. It also found a high degree of observance of the principles dealing with effective supervision by the three regulatory authorities—the Bank of Spain, National Securities Market Commission, and the Directorate General of Insurance and Pension Funds. The Committee on Payment and Settlement Systems Core Principles assessed that all principles are observed by the Real-Time Gross Settlement System.
Subject: Banking, Credit, Financial institutions, Financial markets, Insurance, Insurance companies, Money, Payment systems, Securities
Keywords: board of directors, Bolsas y Mercados Españoles, central bank, corporate governance, CR, Credit, credit institution, credit risk, Europe, executive authorities, financial market, financial system, Global, Insurance, Insurance companies, interest rate, internal audit, ISCR, monetary policy, Payment systems, risk assessment, risk management, Securities, short position, supervisory authority
Pages:
84
Volume:
2006
DOI:
Issue:
212
Series:
Country Report No. 2006/212
Stock No:
1ESPEA2006003
ISBN:
9781451812152
ISSN:
1934-7685
