Bank of Spain



Bank of Spain

Bank Of Spain Wants To Change Provisions Circular Ahead Of International Normative

The Bank of Spain (BoS) wants to modify the recent circular 4/2016 which regulates the method for calculating provisions in the sector. Under the IASB normative, expected to be introduced on a European-wide level on 1 January 2018, provisions will be calculated according to the expected loss in a credit transaction and not according to the loss incurred as up to now.



Daniele Nouy, Chair of the SSM Supervisory Board.

Bank of Spain Inspectors Have A Grievance Against The ECB

Everything seems to indicate that the Bank of Spain inspectors, one of the biggest elitist groups in Spain, feared even by the most powerful bankers, are not currently in a good place. The blame lies in the fact that the ECB, or rather the Single Supervisory Mechanism (SSM), has taken over the function of banking supervision. This has left the inspectors somewhat bereft of functions, workload and influence.


Bank of Spain

Should Spain’s Banks Worry About A Debt Bubble Burst?

The Bank of Spain’s (BoS) Financial Stability Report usually puts its finger on the problem when it highlights the main risks affecting the banking business. As well as low interest rates and the deterioriation in both Spanish and global economic prospects, the BoS’ latest report points to another factor which has not warranted so much attention: the decline in the prices of financial assets, both in fixed income securities and equities.


bankia-ipo

The Bank Of Spain’s Internal Communications About Bankia

It’s undeniable that the latest information which has come out about the Bankia case reveals new areas of responsability. And in the front-line is the worst governor in the Bank of Spain’s history. The correspondence which the head of the Bankia inspectors’ team José Antonio Casaus sent to his superiors is definitive.



ECB-new

TARGET 2: Capital Flight From Italy And Spain Continues

Miguel Navascués | Take a look at the outstanding balances in the ECB’s TARGET2 payments system, which maintains an up-to-date record of the debts and loans each country has with the other. As can be seen from the table below and the subsequent graphics, Italy, where the banks have 360 billion euros of doubtful loans, as well as Spain, have again begun to show signs of weakness.