Spain: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management Frameworks

November 13, 2017

Preview Citation

Format: Chicago

Spain: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management Frameworks, (USA: International Monetary Fund, 2017) accessed December 21, 2024

Summary

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of bank resolution and crisis management frameworks. The institutional framework in Spain has been strengthened and is more appropriate for managing the resolution process. At the Banking Union level, the Single Supervisory Mechanism is responsible for supervising all significant entities. The Single Resolution Board is the resolution authority for such entities, as well as for cross-border groups. Although the framework for bank resolution is well designed, the system could be enhanced. Recovery planning for Spanish banks is progressing, but further progress is warranted.

Subject: Bank resolution, Bank resolution framework, Bridge bank, Crisis management, Crisis management framework, Crisis resolution, Financial crises

Keywords: Bail-in authority, Bank resolution, Bank resolution framework, Banking resolution role, Bridge bank, CR, Crisis management, Crisis resolution, Global, ISCR, Less significant institutions, Resolution agency, Resolution authorities, Resolution authority, Resolution option, Resolution plan, Resolution process, Resolution scheme, Resolution strategy, Stabilization tool

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/341
Stock No:

1ESPEA2017011
ISBN:

9781484327180
ISSN:

1934-7685

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