Spain: Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note
June 11, 2012
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
This technical note examines the safety net, bank resolution, and crisis management framework in Spain. The financial safety net architecture for the banking sector comprises the Banco de España (BdE), the Fondo de Garantía de Depósitos (FGD), and the Fondo de Reestructuración Ordenada Bancaria (FROB). The note discusses that institutional roles and instruments of the FROB and the FGD need to be realigned. Given the current crisis, authorities should make it a key priority to promptly improve the tools to resolve banks in line with recent international practices.
Subject: Bank resolution, Bank resolution framework, Banking, Bridge bank, Crisis management, Financial crises, Lender of last resort
Keywords: Banco de España, bank asset, bank resolution, Bank resolution, Bank resolution framework, bank shareholder, banking sector, bridge bank, Bridge bank, CR, credit line, Crisis management, financial crisis, Global, intervened bank, ISCR, Lender of last resort, problem bank, resolution process
Pages:
39
Volume:
2012
DOI:
Issue:
145
Series:
Country Report No. 2012/145
Stock No:
1ESPEA2012009
ISBN:
9781475504323
ISSN:
1934-7685
