Spain: Financial System Stability Assessment

International Monetary Fund

No 2017/321, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses the stability of the Spanish financial system as a whole. Spain’s banking system has been steadily progressing since the last Financial System Assessment Program. The authorities have made a significant reform effort. Together with the economic recovery, and support by the European Central Bank’s accommodative policies, the banking system has strengthened its solvency and advanced in reducing nonperforming loans. It is critical to keep the reform process moving and to build on the advances made during 2012–16. Completing the restructuring of bank balance sheets is a priority. Enhanced monitoring and supervisory attention to interest rate and liquidity risks are also merited.

Keywords: ISCR; CR; bank assets; pillar II requirements; Banco de España; bank privatization; balance sheet; bank consolidation; bank exposure; bank profitability; bridge bank; capital loss; debt market; private sector; senior debt; negative equity; ECB guidance; fixed income; problem assets; surveillance indicator; banking group; markets authority; market data analysis; insurance market; bond market risk; Systemic risk; Financial sector stability; Credit; Bank resolution framework; Insurance; Global (search for similar items in EconPapers)
Pages: 55
Date: 2017-10-06
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Citations: View citations in EconPapers (5)

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