Spain: The Reform of Spanish Savings Banks Technical Notes

June 11, 2012

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Format: Chicago

Spain: The Reform of Spanish Savings Banks Technical Notes, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and institutional reforms of SSBs. It evaluates the main achievements of the reforms to date, and also considers improvements to the current framework and potential developments in the SSB institutional framework.

Subject: Banking, Commercial banks, Corporate governance, Credit, Economic sectors, Financial institutions, Financial sector policy and analysis, Financial sector stability, Legal support in revenue administration, Money, Revenue administration

Keywords: Action vis-à-vis SSBs, Commercial banks, Corporate governance, CR, Credit, Equity capital, Financial sector stability, Governing bodies, ISCR, Legal support in revenue administration, Sound governance regime, SSBs governance structure, SSBs transfer

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/141
Stock No:

1ESPEA2012005
ISBN:

9781475504286
ISSN:

1934-7685

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