Spain: Financial Sector Reform: Second Progress Report

International Monetary Fund

No 2013/054, IMF Staff Country Reports from International Monetary Fund

Abstract: This article is a report of Spain’s progress in financial sector reforms. The key reforms in the financial sector have been either adopted or designed. The economy has risks at times as it takes up the challenges of correcting pre-crisis imbalances. The economy may face decline, but financial markets have significantly improved. Financing from banks is a major source of finance for households and firms. Exports contribute to the increasing economy in spite of global competition. The Executive Board welcomes this development of Spain's financial sector.

Keywords: ISCR; CR; balance sheet forecast; bank financing; preference shares; balance sheets; asset transfer; backstop bank; Banco de Valencia; capital shortfall; senior debt; broad money; restructuring plan; capital base; Credit; Loans; Commercial banks; Bank credit; Stress testing; Europe; Global (search for similar items in EconPapers)
Pages: 46
Date: 2013-03-05
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