Spain : Report on the Observance of Standards and Codes - Summary Assessments.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2012.
Description:	1 online resource (59 pages)
Language:	English
Series:	IMF staff country report ; no. 12/138 IMF country report ; no. 12/138.
Subject:	Banks and banking -- State supervision -- Spain. Insurance -- State supervision -- Spain. Securities -- State supervision -- Spain. Banks and banking -- State supervision. Insurance -- State supervision. Securities -- State supervision. Spain.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13511002

Hidden Bibliographic Details
Other uniform titles:	IMF eLibrary.
Other authors / contributors:	International Monetary Fund.
ISBN:	1475589727 9781475589726 9781475583823 1475583826 9781475504248 1475504241 9781475589726
Notes:	Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:	This paper presents assessment results for the current state of the implementation of the Basel Core Principles for Effective Banking Supervision (BCP) in Spain. It found that significant changes have occurred in Spain since the last Financial Sector Assessment Program. The most serious has been the deterioration of the economy and the real estate sector. The core supervisory process at the Banco de Espana (BdE) is strong and is supported by qualified staff and an experienced cadre of inspectors, but there are areas of concern. In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

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