Highlights of Spain’s new financial sector reform
Fecha: mayo 2012
Autores: Santiago Carbó Valverde
Etiquetas: Sistema financiero, Reforma financiera, Regulación
Spain has just approved its second financial reform this year, containing complementary measures to those approved last February, with an aim to clean-up banks’ balance sheets. The reform also incorporates the creation of so-called asset management companies (SGAs in their Spanish initials) that will serve as the instruments through which troubled real estate assets of banks will first be transferred, and subsequently sold, over the next few years. This note summarizes the main elements of the new reform and makes a preliminary assessment of its potential impact.