Spain: Financial Sector Reform—Fourth Progress Report

November 22, 2013

Preview Citation

Format: Chicago

Spain: Financial Sector Reform—Fourth Progress Report, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

This paper discusses findings of Fourth Progress Report on Spain’s financial sector reform. Implementation of Spain’s financial sector program remains on track. Essentially all measures specified in the program have now been implemented, as envisaged under its front-loaded timetable. Capital-augmentation measures arising from last year’s stress test are now complete, SAREB has almost concluded its organizational development and is now accelerating the liquidation of its assets, and key reforms of Spain’s financial sector framework have been adopted or put in train. Despite recent improvements, important risks remain, including those associated with the ongoing macroeconomic adjustment.

Subject: Banking, Credit, Currencies, Financial institutions, Financial sector policy and analysis, Financial statements, Loans, Money, Public financial management (PFM), Stress testing

Keywords: Asset, Asset disposal, Bank, Broad money, Cash inflow, CR, Credit, Currencies, Deferred tax assets, Due diligence, Europe, Financial statements, ISCR, Loan, Loans, Nominal capital, Private sector, Sareb, Stress testing

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/331
Stock No:

1ESPEA2013005
ISBN:

9781475531466
ISSN:

1934-7685

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