Spain: Financial System Stability Assessment

International Monetary Fund

No 2012/137, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; interest rate; sensitivity analysis; banking sector; bank risk; preference shares; banking system; debt service; bank assets; capital ratio; financial system; banking group; unemployment rate; mortgage portfolio; Stress testing; Commercial banks; Loans; Housing prices; Global; Europe (search for similar items in EconPapers)
Pages: 77
Date: 2012-06-08
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25977 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2012/137

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().