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Spain : Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2012/145
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Finance--Spain.
- Finance.
- Banks and banking--Spain.
- Banks and banking.
- Physical Description:
- 1 online resource (40 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2012.
- Language Note:
- English
- 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.
- Contents:
- Cover; Contents; Glossary; A; B; C; D; E; F; G; I; M; P; R; S; Executive Summary; Tables; 1. Main Recommendations; I. Safety Net, Bank Resolution, and Crisis Management Framework; A. Spain and the Global Financial Crisis: A Brief Overview; B. Spain's Financial Sector Institutional Framework; C. Early Intervention and Liquidity Provision; D. Deposit Insurance; E. Government Intervention: The Fondo de Reestructuración Ordenada Bancaria; 2. FROB Disbursements and Commitments; F. Resolution Tools and Orderly Liquidation; G. Cooperation with Foreign Authorities and Organizations
- H. Realigning the Spanish Bank Resolution Framework: Roles, Responsibilities, and Instruments of Financial Safety Net ParticipantsAnnexes; I. Recovery and Resolution Plans; II. Handling Impaired Assets; III. An Overview of Bank Interventions and Recapitalization During the Crisis
- Notes:
- Description based upon print version of record.
- Description based on print version record.
- ISBN:
- 9781475554304
- 1475554303
- 9781475582512
- 147558251X
- OCLC:
- 870597613
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