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

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...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Spain 
653 |a Economic & financial crises & disasters 
653 |a Bridge bank 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Bank resolution 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
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653 |a Crisis resolution 
653 |a Crisis Management 
653 |a Banks and Banking 
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520 |a 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