07746oam 22014054 450 991077940090332120230802005505.01-4755-3724-71-4755-6545-3(CKB)2550000000107100(EBL)1606785(SSID)ssj0000943575(PQKBManifestationID)11573560(PQKBTitleCode)TC0000943575(PQKBWorkID)10977590(PQKB)10299503(MiAaPQ)EBC1606785(Au-PeEL)EBL1606785(CaPaEBR)ebr10574693(OCoLC)798152830(IMF)1ESPEE2012001(IMF)1ESPEA2012001(EXLCZ)99255000000010710020020129d2012 uf 0engurcn|||||||||txtccrSpain : Financial System Stability AssessmentWashington, D.C. :International Monetary Fund,2012.1 online resource (78 p.)IMF Staff Country Reports"May 30, 2012."1-4755-9366-X 1-4755-0423-3 Cover; Contents; Glossary; Executive Summary; Figures; 1. The Consolidation of the Banking Sector; Tables; 1. High Priority Recommendations; I. Introduction; II. Risks and Vulnerabilities in the Banking Sector; A. The Condition of the Financial Sector; B. Risks and Vulnerabilities; C. A Comprehensive Strategy to Address the Remaining Vulnerabilities; III. Strengthening the Supervision of the Financial Sector; A. Microprudential and Macroprudential Regulatory Infrastructure; B. Assessment of the Oversight FrameworkC. Regulation and Supervision of the Banking SectorD. Supervision of Financial Market Infrastructures; E. Supervision of the Insurance Sector; F. Regulation of Securities Markets; IV. Crisis Management and Resolution; V. Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT); Boxes; 1. Sensitivity and Scenario Analyses of Household and Corporate Indebtedness; 2. Market Estimates of Bank Recapitalization Needs; 3. Analysis of Spillover Risk into the Domestic Banking System; 4. Covered Bond Markets; 2. Economic Developments3. Market Shares of Credit Institutions as of End-20104. Structure of the Financial Sector; 5. Exposure of Credit Institutions to the Property Sector; 6. Sovereign Debt; 7. Banking Sector Developments; 8. Financial Market Indicators; 9. Banks' Plans for Complying with the Provisioning Requirements of Royal Decree Law 02/2012; 10. Interest Rates and Household Loans; 11. Macro Scenarios for the Solvency Stress Testing Exercise; 12. Overview of the Spain FSAP Update Stress Testing Exercise; 13. Banks' Foreign Exposures; 14. Structured Finance Market; 2. Main Economic Indicators3. Support Measures for the Financial Sector 4. Selected Financial Soundness Indicators for the Banking Sector; 5. Overview of Diagnostics and Stress Test Sample, as at End-2011; 6. Bank Profitability and Financial Soundness; 7. Funding Liquidity Sources of the Banking Sector; 8. Financial Soundness Indicators of the Non-banking Sectors; 9. Macroeconomic Scenarios for Solvency Stress Tests; 10. Solvency Stress Test Results, with RDL 02/2012 and RDL 18/2012 Impact; 11. BdE Top Down Stress Test Results by Bank Grouping (Incorporating New Provisioning Requirements)12. Joint Market-Implied Expected Losses Below 13. Reverse Stress Tests of Liquidity Risk-5- and 30-Day Implied Cash Flow Analysis; 14. Liquidity Stress Test-Quasi-Basel III and Maturity Mismatch Analysis; Appendices; I. Risk Assessment Matrix; II. Stress Test Matrices; Appendix Tables; 15. Summary of Banking Sector Stress Tests: Solvency Risks; 16. Summary of Banking Sector Stress Tests: Detailed Assumptions for Testing Solvency Risk; 17. Summary of Banking Sector Stress Tests: Liquidity Risk; III. Details of Solvency Stress Test Methodologies and Assumptions18. Impact of RDL 02/2012 and RDL 18/2012 on the Income Statement and Balance SheetThis report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for Spain. Although there is a core of strong banks that are well managed and appear resilient to further shocks, vulnerabilities remain. Substantial progress has been made in reforming the former savings banks, and the most vulnerable institutions have either been resolved or are being restructured. Recent measures address the most problematic part of banks’ portfolios. Moving ahead, a further restructuring and recapitalization of some of the remaining weaker banks may be needed as a result of deteriorating economic conditions.IMF Staff Country Reports; Country Report ;No. 2012/137Financial crisesSpainBanks and bankingState supervisionSpainInsuranceState supervisionSpainSecuritiesState supervisionSpainDebtSpainDebts, ExternalSpainEconomic indicatorsSpainBanks and BankingimfFinance: GeneralimfReal EstateimfIndustries: Financial ServicesimfFinancial Risk ManagementimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial Institutions and Services: Government Policy and RegulationimfHousing Supply and MarketsimfFinancial CrisesimfBankingimfFinanceimfProperty & real estateimfEconomic & financial crises & disastersimfCommercial banksimfStress testingimfHousing pricesimfFinancial sector policy and analysisimfFinancial institutionsimfFinancial crisesimfLoansimfPricesimfBanks and bankingimfFinancial risk managementimfHousingimfSpainimfFinancial crisesBanks and bankingState supervisionInsuranceState supervisionSecuritiesState supervisionDebtDebts, ExternalEconomic indicatorsBanks and BankingFinance: GeneralReal EstateIndustries: Financial ServicesFinancial Risk ManagementBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial Institutions and Services: Government Policy and RegulationHousing Supply and MarketsFinancial CrisesBankingFinanceProperty & real estateEconomic & financial crises & disastersCommercial banksStress testingHousing pricesFinancial sector policy and analysisFinancial institutionsFinancial crisesLoansPricesBanks and bankingFinancial risk managementHousing332.1/52International Monetary Fund.European Dept.DcWaIMFBOOK9910779400903321Spain520834UNINA