Spain should consider regulatory overhaul: FSB peer review

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A Financial Stability Board (FSB) peer review on Monday called on Madrid to review the institutional framework governing financial supervision in Spain, once calm has been restored to markets.

The board said it agreed with the recommendation, originally made in the 2006 IMF-World Bank Financial Sector Assessment Programme (Fsap) of Spain, that the supervisory architecture be redrawn. "It is recommended that, when markets are less volatile, the authorities reconsider the current institutional fra

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