European Parliament Library

Spain :, Financial Sector Reform—Fourth Progress Report

This paper discusses findings of Fourth Progress Report on Spain’s financial sector reform. Implementation of Spain’s financial sector program remains on track. Essentially all measures specified in the program have now been implemented, as envisaged under its front-loaded timetable. Capital-augmentation measures arising from last year’s stress test are now complete, SAREB has almost concluded its organizational development and is now accelerating the liquidation of its assets, and key reforms of Spain’s financial sector framework have been adopted or put in train. Despite recent improvements, important risks remain, including those associated with the ongoing macroeconomic adjustment
Table Of Contents
Cover; CONTENTS; THE MACRO-FINANCIAL CONTEXT; PROGRESS ON FINANCIAL SECTOR REFORM; A. Bank-Specific Measures; B. SAREB; C. Structural Reforms to Enhance Resilience Going Forward; D. Safeguarding and Building Upon the Program's Gains; ANNEXES; 1. Banking Sector Developments; 2. IMF Staff Views on the Status of MoU Conditionality; TABLES; 1. Main Economic Indicators, 2010-2018; 2. Selected Financial Soundness Indicators, 2006-2013; 3. Monetary Survey, 2010-2018; FIGURES; 1. Financial Market Indicators; 2. Credit Conditions; 3. Household's Financial Positions
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
Form Of Item

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