Spain: Financial System Stability Assessment

June 8, 2012

Preview Citation

Format: Chicago

Spain: Financial System Stability Assessment, (USA: International Monetary Fund, 2012) accessed December 21, 2024

Summary

This report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for Spain. Although there is a core of strong banks that are well managed and appear resilient to further shocks, vulnerabilities remain. Substantial progress has been made in reforming the former savings banks, and the most vulnerable institutions have either been resolved or are being restructured. Recent measures address the most problematic part of banks’ portfolios. Moving ahead, a further restructuring and recapitalization of some of the remaining weaker banks may be needed as a result of deteriorating economic conditions.

Subject: Banking, Commercial banks, Financial crises, Financial institutions, Financial sector policy and analysis, Housing prices, Loans, Mortgages, Prices, Stress testing

Keywords: Bank assets, Bank risk, Banking group, Banking sector, Banking system, Capital ratio, Commercial banks, CR, Debt service, Europe, Financial system, Global, Housing prices, Interest rate, ISCR, Loans, Mortgage portfolio, Preference shares, Sensitivity analysis, Stress testing, Unemployment rate

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/137
Stock No:

1ESPEA2012001
ISBN:

9781475504231
ISSN:

1934-7685

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