Spain: Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note

International Monetary Fund

No 2012/145, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; intervened bank; Banco de España; bank asset; banking sector; resolution process; bank resolution; problem bank; bridge bank; bank shareholder; financial crisis; credit line; Bank resolution; Bank resolution framework; Bridge bank; Lender of last resort; Crisis management; Global (search for similar items in EconPapers)
Pages: 39
Date: 2012-06-11
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