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180614 ||| eng |
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|a 9781484327050
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245 |
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|a Spain
|b Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Macroprudential Policy
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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300 |
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|a 45 pages
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651 |
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4 |
|a Spain
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653 |
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|a Economic policy
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653 |
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|a Depository Institutions
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Financial sector stability
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653 |
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|a Banks and banking
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653 |
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|a Financial sector policy and analysis
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653 |
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|a General Financial Markets: Government Policy and Regulation
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653 |
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|a Micro Finance Institutions
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653 |
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|a Systemic risk assessment
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653 |
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|a Mortgages
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653 |
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|a Systemic risk
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653 |
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|a Financial risk management
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653 |
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|a Banks and Banking
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Macroeconomics
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653 |
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|a Financial services industry
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653 |
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|a Banking
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653 |
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|a Macroprudential policy
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653 |
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|a Finance: General
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653 |
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|a Macrofinancial analysis
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710 |
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|a International Monetary Fund
|b Monetary and Capital Markets Department
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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|a 10.5089/9781484327050.002
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856 |
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|u https://elibrary.imf.org/view/journals/002/2017/336/002.2017.issue-336-en.xml?cid=45387-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of systemic risk oversight framework and macroprudential policy. Macroprudential oversight for banking is a shared responsibility between Banco de España (BdE) and the European Central Bank. The macroprudential policy stance appears broadly appropriate. BdE has put in place a framework for calibrating capital buffers. The countercyclical capital buffer is currently at zero given that a new financial cycle upturn has not started and a still-negative credit gap and weakly recovering housing prices. The existing macroprudential toolkit would benefit from expansion, particularly to include more effective tools to deal with risks associated with real estate exposures
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