LEADER 07746oam 22014054 450 001 9910779400903321 005 20230802005505.0 010 $a1-4755-3724-7 010 $a1-4755-6545-3 035 $a(CKB)2550000000107100 035 $a(EBL)1606785 035 $a(SSID)ssj0000943575 035 $a(PQKBManifestationID)11573560 035 $a(PQKBTitleCode)TC0000943575 035 $a(PQKBWorkID)10977590 035 $a(PQKB)10299503 035 $a(MiAaPQ)EBC1606785 035 $a(Au-PeEL)EBL1606785 035 $a(CaPaEBR)ebr10574693 035 $a(OCoLC)798152830 035 $a(IMF)1ESPEE2012001 035 $a(IMF)1ESPEA2012001 035 $a(EXLCZ)992550000000107100 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSpain : $eFinancial System Stability Assessment 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (78 p.) 225 1 $aIMF Staff Country Reports 300 $a"May 30, 2012." 311 $a1-4755-9366-X 311 $a1-4755-0423-3 327 $aCover; 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 Framework 327 $aC. 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 Developments 327 $a3. 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 Indicators 327 $a3. 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) 327 $a12. 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 Assumptions 327 $a18. Impact of RDL 02/2012 and RDL 18/2012 on the Income Statement and Balance Sheet 330 3 $aThis report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for Spain. Although there is a core of strong banks that are well managed and appear resilient to further shocks, vulnerabilities remain. Substantial progress has been made in reforming the former savings banks, and the most vulnerable institutions have either been resolved or are being restructured. Recent measures address the most problematic part of banks? portfolios. Moving ahead, a further restructuring and recapitalization of some of the remaining weaker banks may be needed as a result of deteriorating economic conditions. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2012/137 606 $aFinancial crises$zSpain 606 $aBanks and banking$xState supervision$zSpain 606 $aInsurance$xState supervision$zSpain 606 $aSecurities$xState supervision$zSpain 606 $aDebt$zSpain 606 $aDebts, External$zSpain 606 $aEconomic indicators$zSpain 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aReal Estate$2imf 606 $aIndustries: Financial Services$2imf 606 $aFinancial Risk Management$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aHousing Supply and Markets$2imf 606 $aFinancial Crises$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aProperty & real estate$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aCommercial banks$2imf 606 $aStress testing$2imf 606 $aHousing prices$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial institutions$2imf 606 $aFinancial crises$2imf 606 $aLoans$2imf 606 $aPrices$2imf 606 $aBanks and banking$2imf 606 $aFinancial risk management$2imf 606 $aHousing$2imf 607 $aSpain$2imf 615 0$aFinancial crises 615 0$aBanks and banking$xState supervision 615 0$aInsurance$xState supervision 615 0$aSecurities$xState supervision 615 0$aDebt 615 0$aDebts, External 615 0$aEconomic indicators 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aReal Estate 615 7$aIndustries: Financial Services 615 7$aFinancial Risk Management 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aHousing Supply and Markets 615 7$aFinancial Crises 615 7$aBanking 615 7$aFinance 615 7$aProperty & real estate 615 7$aEconomic & financial crises & disasters 615 7$aCommercial banks 615 7$aStress testing 615 7$aHousing prices 615 7$aFinancial sector policy and analysis 615 7$aFinancial institutions 615 7$aFinancial crises 615 7$aLoans 615 7$aPrices 615 7$aBanks and banking 615 7$aFinancial risk management 615 7$aHousing 676 $a332.1/52 712 02$aInternational Monetary Fund.$bEuropean Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779400903321 996 $aSpain$9520834 997 $aUNINA