Banking supervision and regulation over the past 40 years

Raimundo Poveda

Chapter 7 in The Spanish financial System, 2012, pp 219-271 from Palgrave Macmillan

Abstract: Abstract At the start of the 1960s, the solvency of Spain’s credit institutions was primarily based, not on prudential regulation, which was still rudimentary, or supervision, which was still underdeveloped, but on an institutional framework that offered little room for competition. The key components of this framework were: The banking status quo of the 1940s and 1950s, which obstructed the emergence of new banks and severely limited branch openings. A strict interest rate schedule (with capped deposit rates and minimum lending rates) that protected banks’ margins. A highly compartmentalized financial system that the authorities reinforced by splitting the mixed banking model into commercial banks and industrial and investment banks.

Keywords: Credit Union; Investment Bank; Foreign Bank; Saving Bank; Credit Institution (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36114-0_8

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DOI: 10.1057/9780230361140_8

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