The European Commission published the Third Review report of Spain's compliance with the Financial Assistance Programme for the Recapitalisation of Financial Institutions. The report is based on the findings of a joint European Commission /European Central Bank mission to Madrid during 21 – 31 May 2013.
In summary, the programme remains on track and the resilience of the financial sector has increased, so that there is no reason to foresee further programme disbursements at this stage. Nevertheless, the assessment of the asset quality and of the solvency situation of Spanish banks should continue in order to provide reassurance that the programme is approaching its completion successfully.
|ISBN 978-92-79-29361-0 (online)|
Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.