Bank of Spain was one of toughest pre-crisis regulators, report argues

Photo of the Bank of Spain
The Bank of Spain: introduced new counter-cyclical provisioning requirements for Spanish banks in 2000

A Bank of Spain report argues that before the financial crises, the institution implemented some of the toughest banking supervision measures in Europe. 

But the report says the enforced counter-cyclical provisions were still set too low to enable all Spanish banks to cope with the losses that appeared from 2008 on. Financial supervisors in all countries lacked macro-prudential measures and early warning systems to deal with financial crises, the report says. It also argues that Spanish supervi

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: