European Parliament Library

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 (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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
Form Of Item

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