European Parliament Library

Spain :, Financial Sector Reform: Third Progress Report

This paper presents the Third Progress report on Spain’s financial sector reform. Correction of Spain’s large external, fiscal, and financial imbalances is well underway, with policy actions at both the European and Spanish levels helping to ease market pressures over the last year. Financial sector dynamics still contribute to recessionary pressures, with credit contraction accelerating, lending standards tightening, and lending rates to firms rising. Actions taken by the authorities under the European Stability Mechanism-supported program have helped tackle the legacy risk from the real estate boom bust, but macroeconomic risks still loom large
Table Of Contents
Cover; Contents; THE MACRO-FINANCIAL CONTEXT; PROGRESS ON FINANCIAL SECTOR REFORM; A. Bank Restructuring and Resolution; B. SAREB; C. Credit Conditions; D. Safeguarding Financial Stability and Supporting Economic Recovery; E. Structural Reforms to Promote More Resilience Going Forward; ANNEXES; 1. Banking Sector Developments; 2. IMF Staff Views on Status of MoU Conditionality; ANNEX TABLES; 1. Selected Financial Soundness Indicators, 2007-2013; 2. Monetary Survey, 2010-2018; ANNEX FIGURES; 1. Nonfinancial Corporate's Financial Positions; 2. Household's Financial Positions
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (42 p.)
Specific Material Designation
Form Of Item

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