LEADER 04568oam 22010094 450 001 9910779104703321 005 20230802005530.0 010 $a1-4755-5430-3 010 $a1-4755-8251-X 035 $a(CKB)2550000000107558 035 $a(EBL)1606793 035 $a(SSID)ssj0000943578 035 $a(PQKBManifestationID)11595703 035 $a(PQKBTitleCode)TC0000943578 035 $a(PQKBWorkID)10978494 035 $a(PQKB)11366111 035 $a(MiAaPQ)EBC1606793 035 $a(Au-PeEL)EBL1606793 035 $a(CaPaEBR)ebr10579644 035 $a(OCoLC)870597613 035 $a(IMF)1ESPEE2012009 035 $a(IMF)1ESPEA2012009 035 $a(EXLCZ)992550000000107558 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSpain : $eSafety Net, Bank Resolution, and Crisis Management Framework: Technical Note 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (40 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4755-3003-X 311 $a1-4755-0432-2 327 $aCover; 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 Reestructuracio?n Ordenada Bancaria; 2. FROB Disbursements and Commitments; F. Resolution Tools and Orderly Liquidation; G. Cooperation with Foreign Authorities and Organizations 327 $aH. 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 330 3 $aThis technical note examines the safety net, bank resolution, and crisis management framework in Spain. The financial safety net architecture for the banking sector comprises the Banco de España (BdE), the Fondo de Garantía de Depósitos (FGD), and the Fondo de Reestructuración Ordenada Bancaria (FROB). The note discusses that institutional roles and instruments of the FROB and the FGD need to be realigned. Given the current crisis, authorities should make it a key priority to promptly improve the tools to resolve banks in line with recent international practices. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2012/145 606 $aFinance$zSpain 606 $aBanks and banking$zSpain 606 $aBanks and Banking$2imf 606 $aFinancial Risk Management$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aCrisis Management$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aBanking$2imf 606 $aBank resolution$2imf 606 $aBank resolution framework$2imf 606 $aLender of last resort$2imf 606 $aBridge bank$2imf 606 $aFinancial crises$2imf 606 $aCrisis management$2imf 606 $aBanks and banking$2imf 606 $aBanks and banking, Central$2imf 607 $aSpain$2imf 615 0$aFinance 615 0$aBanks and banking 615 7$aBanks and Banking 615 7$aFinancial Risk Management 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aCrisis Management 615 7$aEconomic & financial crises & disasters 615 7$aBanking 615 7$aBank resolution 615 7$aBank resolution framework 615 7$aLender of last resort 615 7$aBridge bank 615 7$aFinancial crises 615 7$aCrisis management 615 7$aBanks and banking 615 7$aBanks and banking, Central 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779104703321 996 $aSpain$9520834 997 $aUNINA