(European Economy. Occasional Papers. 155. July 2013.
Brussels. Paper and internet. )
KC-AH-13-155-EN-N ISBN: 978-92-79-29361-0
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.