Spain : IAIS Insurance Core Principles: Detailed Assessment of Observance

Publication Date: June 11, 2012
Electronic Access: Free Full text (PDF file size is 874KB).
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Summary: This paper provides an update on the significant regulatory and supervisory development in the Spanish insurance sector since 2006. The Spanish authorities have taken steps to address a number of shortcomings identified in the 2006 Financial Sector Assessment Program. Most notably, cooperation and coordination among the three sectoral supervisors have improved. The paper reveals that despite the lack of independence in the regulatory structure, there is no evidence to suggest that the General Directorate of Insurance and Pension Funds is not independent in carrying out its duties.
Series: Country Report No. 12/139
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes

Publication Date: June 11, 2012
ISBN/ISSN: 9781475504262/1934-7685 Format: Paper
Stock No: 1ESPEA2012003 Pages: 83
US$18.00 (Academic Rate:
US$18.00 )
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