Spain: Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks

International Monetary Fund

No 2017/345, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Spain in the area of banking supervision. Banking regulation and supervision of Spanish banks have improved considerably since the 2012 FSAP. Swift and determined action addressed the major weaknesses that led to the accumulation of imbalances in the banking system in the period leading to the crisis. Further reforms are needed because the transformation of the banking supervision function is far from complete. Actions to address misclassification and underprovisioning of assets have shown very good progress, but oversight must continue.

Keywords: ISCR; CR; central bank; internal audit; interest rate; general obligation; management body; supervision schedule; risk profile; return on equity; capital base; resolution plan; data protection authorities; bank auditing; BdE inspection team; EU bank; bank merger; Credit risk; Credit; Cooperative banks; Loans; Bank supervision; Europe; Global (search for similar items in EconPapers)
Pages: 55
Date: 2017-11-13
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