Spain : : The Reform of Spanish Savings Banks Technical Notes

• Record Nr.: UNINA9910779500603321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2012
• ISBN: 1-4755-0707-0; 1-4755-8776-7
• Descrizione fisica: 1 online resource (35 p.)
• Collana: IMF Staff Country Reports
• Soggetti: Banks and banking - Spain; Banks and Banking; Finance: General; Public Finance; Corporate Governance; Money and Monetary Policy; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Corporate Finance and Governance: Government Policy and Regulation; General Financial Markets: Government Policy and Regulation; Taxation, Subsidies, and Revenue: General; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Banking; Corporate governance; role & responsibilities of boards & directors; Finance; Public finance & taxation; Monetary economics; Commercial banks; Financial sector stability; Legal support in revenue administration; Financial institutions; Economic sectors; Financial sector policy and analysis; Revenue administration; Credit; Money; Banks and banking; Financial services industry; Revenue; Spain Economic conditions; Spain
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; Glossary; A; B; C; F; L; M; N; R; S; Executive Summary; Table; 1. Main Recommendations; The Reform of the Spanish Savings Banks; I. Spanish Savings Banks Before the Reform: A Brief Overview; II. From Boom to Crisis; Figures; 1. Savings Vs. Commercial Banks, 1980-2010; III. From Savings Banks to (Indirect) Commercial Banks; IV. Reforms Achievements; 2. Spanish Savings Banks' Integration Process; 3. Spanish Savings Banks' Market Shares; 4. Spanish Savings Banks: Ownership Structure and Participation in Newly Created Commercial Banks; V. Toward a New Role for Spanish Savings BanksBox; 1. Stakeholders' Complex Objectives in Corporate Governance: International Practices and Countries' Experiences; References
• Sommario/riassunto: This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and institutional reforms of SSBs. It evaluates the main achievements of the reforms to date, and also considers improvements to the current framework and potential developments in the SSB institutional framework.