IMF Staff Country Reports

Spain: Financial System Stability Assessment

Publication Date:

June 8, 2012

Electronic Access:

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

Summary:

This report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for Spain. Although there is a core of strong banks that are well managed and appear resilient to further shocks, vulnerabilities remain. Substantial progress has been made in reforming the former savings banks, and the most vulnerable institutions have either been resolved or are being restructured. Recent measures address the most problematic part of banks’ portfolios. Moving ahead, a further restructuring and recapitalization of some of the remaining weaker banks may be needed as a result of deteriorating economic conditions.

Series:

Country Report No. 2012/137

Subject:

Banking Commercial banks Financial crises Financial institutions Financial sector policy and analysis Housing prices Loans Mortgages Prices Stress testing