04753oam 22010934 450 991096361340332120250426110118.0978147555430414755543039781475582512147558251X(CKB)2550000000107558(EBL)1606793(SSID)ssj0000943578(PQKBManifestationID)11595703(PQKBTitleCode)TC0000943578(PQKBWorkID)10978494(PQKB)11366111(MiAaPQ)EBC1606793(Au-PeEL)EBL1606793(CaPaEBR)ebr10579644(OCoLC)870597613(IMF)1ESPEE2012009(IMF)1ESPEA20120091ESPEA2012009(EXLCZ)99255000000010755820020129d2012 uf 0engur|n|---|||||txtccrSpain : Safety Net, Bank Resolution, and Crisis Management Framework: Technical Note1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (40 p.)IMF Staff Country ReportsDescription based upon print version of record.9781475530032 147553003X 9781475504323 1475504322 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 OrganizationsH. 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 CrisisThis 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.IMF Staff Country Reports; Country Report ;No. 2012/145FinanceSpainBanks and bankingSpainBank resolution frameworkimfBank resolutionimfBankingimfBanks and BankingimfBanks and bankingimfBanks and banking, CentralimfBanksimfBridge bankimfCrisis ManagementimfCrisis managementimfDepository InstitutionsimfEconomic & financial crises & disastersimfFinancial crisesimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial Risk ManagementimfLender of last resortimfMicro Finance InstitutionsimfMortgagesimfSpainimfFinanceBanks and bankingBank resolution frameworkBank resolutionBankingBanks and BankingBanks and bankingBanks and banking, CentralBanksBridge bankCrisis ManagementCrisis managementDepository InstitutionsEconomic & financial crises & disastersFinancial crisesFinancial Institutions and Services: Government Policy and RegulationFinancial Risk ManagementLender of last resortMicro Finance InstitutionsMortgages332.1/52International Monetary Fund.DcWaIMFBOOK9910963613403321Spain520834UNINA