Spain: Report on the Observance of Standards and Codes: Summary Assessments
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Summary:
This paper presents assessment results for the current state of the implementation of the Basel Core Principles for Effective Banking Supervision (BCP) in Spain. It found that significant changes have occurred in Spain since the last Financial Sector Assessment Program. The most serious has been the deterioration of the economy and the real estate sector. The core supervisory process at the Banco de España (BdE) is strong and is supported by qualified staff and an experienced cadre of inspectors, but there are areas of concern.
Series:
Country Report No. 2012/138
Subject:
Banking Commercial banks Financial institutions Financial sector policy and analysis Insurance Insurance companies Internal controls Revenue administration Solvency
English
Publication Date:
June 8, 2012
ISBN/ISSN:
9781475504248/1934-7685
Stock No:
1ESPEA2012002
Pages:
60
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