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

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 (FRO...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Banks
Bridge Bank
Bank Resolution Framework
Financial Crises
Lender Of Last Resort
Banks And Banking
Bank Resolution
Micro Finance Institutions
Crisis Management
Financial Institutions And Services: Government Policy And Regulation
Mortgages
Banks And Banking, Central
Banking
Financial Risk Management
Spain
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:39 pages
ISBN:9781475504323

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