Financial information and restructuring of spanish savings banks in a context of crisis. Changes in the regulation; content and evolution of FROB
The worsening of the financial crisis in September 2008, coinciding with the collapse of Lehman Brothers, set off unprecedented action in the European states to support the stability of their markets and financial institutions. Different forums asked for joint and faster implementation. This lead the Spanish authorities to take a series of measures. In the first part of this paper we make a theoretical review of previous studies at international level on early warning systems and about prediction of failure in the banking sector. No doubt it helps to situate and understand better the later Spanish analysis, why it is necessary and its development. We also analyze the evolution of the Spanish financial system between 2008-2011 with the focus on explaining the reform and restructuring of savings banks. Specifically, a study of the accounting and financial standards evolution is made, as well as an examination of the changes in banking regulations that emerged during this period and the role of the Banking Management Restructuring Fund (FROB) and the Institutional Protection Systems (SIP).
Volume (Year): (2011)
Issue (Month): 73 (October)
|Contact details of provider:|| Postal: Av. dels Tarongers, s/n., Despacho 2P21, 46022 Valencia|
Phone: 96 382 84 89 / 96 356 22 48
Fax: 96 382 84 92
Web page: http://www.ciriec.es/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Duttagupta, Rupa & Cashin, Paul, 2011. "Anatomy of banking crises in developing and emerging market countries," Journal of International Money and Finance, Elsevier, vol. 30(2), pages 354-376, March.
- Daley, J. & Matthews, K. & Whitfield, K., 2008.
"Too-big-to-fail: Bank failure and banking policy in Jamaica,"
Journal of International Financial Markets, Institutions and Money,
Elsevier, vol. 18(3), pages 290-303, July.
- Daley, J & Matthews, Kent & Whitfield, Keith, 2006. "Too-Big-To-Fail: Bank Failure and Banking Policy in Jamaica," Cardiff Economics Working Papers E2006/4, Cardiff University, Cardiff Business School, Economics Section.
- Williams, Jonathan, 2004. "Determining management behaviour in European banking," Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2427-2460, October.
- Illing, Mark & Liu, Ying, 2006. "Measuring financial stress in a developed country: An application to Canada," Journal of Financial Stability, Elsevier, vol. 2(3), pages 243-265, October.
- Kick, Thomas & Koetter, Michael, 2007.
"Slippery slopes of stress: Ordered failure events in German banking,"
Journal of Financial Stability,
Elsevier, vol. 3(2), pages 132-148, July.
- Koetter, Michael & Kick, Thomas, 2007. "Slippery slopes of stress: ordered failure events in German banking," Discussion Paper Series 2: Banking and Financial Studies 2007,03, Deutsche Bundesbank, Research Centre.
- Peresetsky, Anatoly A. & Karminsky, Alexandr A. & Golovan, Sergei V., 2004.
"Probability of default models of Russian banks,"
BOFIT Discussion Papers
21/2004, Bank of Finland, Institute for Economies in Transition.
- Fiordelisi, Franco & Marques-Ibanez, David & Molyneux, Phil, 2011.
"Efficiency and risk in European banking,"
Journal of Banking & Finance,
Elsevier, vol. 35(5), pages 1315-1326, May.
- Marcelo Dabos, 1996. "Crisis Bancaria y Medicion de Riesgo de Default. Metodos y el Caso de los Bancos Cooperativos en Argentina," Working Papers 12, Universidad de San Andres, Departamento de Economia, revised Jul 1996.
- Sebastián Nieto Parra, 2005. "Estabilidad del sistema financiero y regulación de capital: el caso de los países latinoamericanos," Sciences Po publications info:hdl:2441/807, Sciences Po.
- Jan Hanousek & Jiri Podpiera, 2001. "Detection of Bank Failures in Transition Economies: The Case of the Czech Republic," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 51(5), pages 264-278, May.
- Davis, E. Philip & Karim, Dilruba, 2008. "Comparing early warning systems for banking crises," Journal of Financial Stability, Elsevier, vol. 4(2), pages 89-120, June.
- repec:nsr:niesrd:330 is not listed on IDEAS
- Bos, J.W.B. & Koetter, M. & Kolari, J.W. & Kool, C.J.M., 2009. "Effects of heterogeneity on bank efficiency scores," European Journal of Operational Research, Elsevier, vol. 195(1), pages 251-261, May.
When requesting a correction, please mention this item's handle: RePEc:cic:revcir:y:2011:i:73:p:99-126. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rafael Chaves)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.