Spain: Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note

June 11, 2012

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Spain: Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This technical note examines the safety net, bank resolution, and crisis management framework in Spain. The financial safety net architecture for the banking sector comprises the Banco de España (BdE), the Fondo de Garantía de Depósitos (FGD), and the Fondo de Reestructuración Ordenada Bancaria (FROB). The note discusses that institutional roles and instruments of the FROB and the FGD need to be realigned. Given the current crisis, authorities should make it a key priority to promptly improve the tools to resolve banks in line with recent international practices.

Subject: Bank resolution, Bank resolution framework, Banking, Bridge bank, Crisis management, Financial crises, Lender of last resort

Keywords: Banco de España, Bank asset, Bank resolution, Bank resolution, Bank resolution framework, Bank shareholder, Banking sector, Bridge bank, Bridge bank, CR, Credit line, Crisis management, Financial crisis, Global, Intervened bank, ISCR, Lender of last resort, Problem bank, Resolution process

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/145
Stock No:

1ESPEA2012009
ISBN:

9781475504323
ISSN:

1934-7685

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