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Record Nr. |
UNINA9910779104703321 |
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Titolo |
Spain : : Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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1-4755-5430-3 |
1-4755-8251-X |
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Descrizione fisica |
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1 online resource (40 p.) |
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Collana |
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IMF Staff Country Reports |
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Soggetti |
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Finance - Spain |
Banks and banking - Spain |
Banks and Banking |
Financial Risk Management |
Financial Institutions and Services: Government Policy and Regulation |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Crisis Management |
Economic & financial crises & disasters |
Banking |
Bank resolution |
Bank resolution framework |
Lender of last resort |
Bridge bank |
Financial crises |
Crisis management |
Banks and banking |
Banks and banking, Central |
Spain |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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. |
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