Spain: Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks

November 13, 2017

Preview Citation

Format: Chicago

Spain: Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Spain in the area of banking supervision. Banking regulation and supervision of Spanish banks have improved considerably since the 2012 FSAP. Swift and determined action addressed the major weaknesses that led to the accumulation of imbalances in the banking system in the period leading to the crisis. Further reforms are needed because the transformation of the banking supervision function is far from complete. Actions to address misclassification and underprovisioning of assets have shown very good progress, but oversight must continue.

Subject: Bank supervision, Banking, Cooperative banks, Corporate governance, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Loans, Money

Keywords: Bank auditing, Bank merger, Bank supervision, BdE inspection team, Capital base, Central bank, Cooperative banks, CR, Credit, Credit risk, Data protection authorities, EU bank, Europe, General obligation, Global, Interest rate, Internal audit, ISCR, Loans, Management body, Resolution plan, Return on equity, Risk profile, Supervision schedule

Publication Details

Pages:

55
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/345
Stock No:

1ESPEA2017015
ISBN:

9781484327241
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports