Spain: Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 2012/145
Subject:
Bank resolution Bank resolution framework Banking Bridge bank Crisis management Financial crises Lender of last resort
English
Publication Date:
June 11, 2012
ISBN/ISSN:
9781475504323/1934-7685
Stock No:
1ESPEA2012009
Pages:
39
Please address any questions about this title to publications@imf.org