Spain: Basel Core Principles for Effective Banking Supervision: Detailed Assessment of Compliance Report

International Monetary Fund

No 2012/142, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses compliance of the Basel Core Principles for Effective Banking Supervision in Spain. Significant changes have occurred in Spain since the last Financial Sector Assessment Program (FSAP). The most serious has been the deterioration of the economy and the real estate sector. The dual legal framework governing Cajas poses the risk of potential conflicts in the exercise of supervisory and sanctioning authority. Other 2006 FSAP recommendations have been magnified with the perspective given by events from 2007 to 2011.

Keywords: ISCR; CR; risk management; central bank; banking group; senior management; capital ratio; credit risk; internal audit; risk profile; Internal controls; Credit; Bank supervision; Capital adequacy requirements; Global (search for similar items in EconPapers)
Pages: 122
Date: 2012-06-11
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