Spain: The Reform of Spanish Savings Banks Technical Notes

International Monetary Fund

No 2012/141, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and institutional reforms of SSBs. It evaluates the main achievements of the reforms to date, and also considers improvements to the current framework and potential developments in the SSB institutional framework.

Keywords: ISCR; CR; action vis-à-vis SSBs; SSBs governance structure; equity capital; SSBs transfer; governing bodies; sound governance regime; Commercial banks; Corporate governance; Financial sector stability; Legal support in revenue administration; Credit (search for similar items in EconPapers)
Pages: 34
Date: 2012-06-11
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Citations: View citations in EconPapers (7)

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