Publication date
From
To
x

Your space


Forgot your password?
x

Login to participate



Not registered yet? Register now
x
Make your search by entering the text:
Make your search for other criteria:
Catalog Icon

IFRS 9: Pro-cyclicality of provisions. Spanish banks as an illustration

By , , ,

IFRS 9 incorporates a forward looking assessment by moving from an incurred credit loss approach to an expected credit loss approach for the measurement of impairment allowances with the aim of recognising credit losses earlier in the cycle. This paper discusses the implications of this new approach for regulatory capital including its procyclicality for Spanish banks.

Available in English

Catalog Icon

Financial Regulation: Weekly Update. 6 October 2017

By , ,

Highlights: Spanish Council of Ministers approved Decree Law to facilitate firms’ mobility. ECB issued a consultation on its NPLs guidelines, and issued an opinion on proposed regulation for CCPs supervision and authorization. BCBS issued a statement on NSFR and derivative liabilities treatment. Finally, EBA and ESMA published their corresponding workplans for 2018.

Available in Spanish, English

Catalog Icon

The Spanish Labor Market: Reform Achievements and Challenges

By

We analyse the main characteristics of the Spanish labour market, its performance during the crisis, the macroeconomic effects of the reforms since 2012, and its challenges during the current recovery. High levels of unemployment, temporary employment and inequality call for further measures to achieve a more efficient, equitable and inclusive labour market.

Available in English

Catalog Icon

Spain | New revaluation in the real estate sector

By ,

The positive evolution of the real estate market has resulted in a new growth of housing prices in 2Q17. The data for the third quarter show a better performance than in the same period of the previous year: sales and construction activity were supported by the good performance of the economy and the mortgage market.

Available in Spanish

Catalog Icon

Financial Regulation: Weekly Update. 29 September 2017

By , ,

Highlights: ECB published a guide on materiality assessment for counterparty risk models. ESMA issued RTS on derivatives trading obligation. EBA and US Agencies agreed on cooperation framework for resolution. EBA issued opinion on the design of new prudential framework for investment firms. Finally, US Agencies proposed simplified capital requirements for smaller banks.

Available in Spanish, English

Catalog Icon

Business cycle phases in Spain

Document Number 17/20

By , ,

We characterize regional business cycles for Spain using monthly Social Security affiliations. Based on a set of Markov-switching models, we find substantial synchronization of regional business cycles, which has increased since the Great Recession. We do however evidence a regional leading and lagging performance that repeats itself across the different recessions.

Geographies:Spain

Available in English

Catalog Icon

Financial Regulation: Weekly Update. 15 September 2017

By , ,

Highlights: The European Commission published the State of the Union 2017. The CNMV extended the short selling ban on Liberbank and approved a compensation mechanism for retail investors in the resolution of Banco Popular. Finally, the BCBS and EBA published monitoring reports on Basel III and CRR / CRD IV capital and liquidity requirements.

Available in Spanish, English

Catalog Icon

Financial Regulation: Weekly Update. 8 September 2017

By , ,

Highlights: FSB includes key attributes of resolution regimes into the list of minimum requirements for good practices. Spanish Ministry of Economics issued a consultation regarding investment firms. The BCBS announced a cooperation agreement with the IFRS Foundation. Finally, the FRB adopted a final rule regarding qualified financial contracts.

Available in Spanish, English

Catalog Icon

Spain | The positive trend of real estate consolidated in 1H17

By ,

The performance of real estate in the first half of the year confirms the expectations for 2017. The sale of housing consolidates its growth, 15.5% year-on-year in 1H17, supported by the good economic performance and the low costs of financing. In addition, the non-residential segment rebounded in the first half of the year.

Available in Spanish

Catalog Icon

The effects of wage flexibility on activity and employment in the Spanish economy

By , ,

Together with Greece, Spain was the European country with the highest unemployment increase during the Great Recession, despite a fall in GDP similar to that in other economies. Objective of this paper: to quantify the macroeconomic effects of the changes in the labour market since 2012.

Available in English

Catalog Icon

Financial Regulation: Weekly Update. 28 July 2017

By , ,

Highlights: FSB published the responses several consultations (such as internal TLAC or CCP recovery and resolution). ESAs issued advice on environmental PRIIPs. EBA published the final guidelines regarding incident reporting under PSD2. ESRB issued an opinion on the CCP recovery and resolution framework. BdE issued a consultation on DGS contributions.

Available in Spanish, English

Catalog Icon

Spain Regional Watch. Third quarter 2017

By

Tourism in the Balearic and Canary Islands, investment in Andalusia and Murcia and exports in CC. AA. as Asturias, together with consumption that slows down less than expected, justify the upward revision of Spain's GDP to 3.3% in 2017. Balears, Canarias, Madrid, Murcia and Andalusia continue to lead growth

Available in Spanish

Catalog Icon

Financial Regulation: Weekly Update. 21 July 2017

By , ,

Highlights: CPMI and IOSCO published update on the implementation of the Principles for Financial Market Infrastructures. ESMA issued a consultation on suitability requirements following MiFID II. EBA issued final RTS and ITS on information requirements for the authorization of credit institutions. EC issued a consultation on its sustainable finance interim report.

Available in Spanish, English

Catalog Icon

Economic recovery facilitates compliance with stability targets

By

The deficit adjustment continues in April 2017, led by Central government. In this scenario, the stability objectives are achievable thanks to the economic recovery. Given the persistence of imbalances, such as high public debt levels, there is still much work to be done for the control of the public accounts.

Geographies:Spain

Available in Spanish

Catalog Icon

Spain Economic Outlook. Third quarter 2017

By

The Spanish economy will grow 3.3% in 2017 and 2.8% in 2018, three and one tenth more than what was estimated three months ago, confirming the upward bias anticipated on the scenario. If these forecasts are met, the unemployment rate could be reduced to 15.3% by 2018, which would mean a recovery of two-thirds of the employment lost during the crisis.

Geographies:Spain

Available in Spanish, English

Spanish banks data
Geostrategy
Digital economy
Financial regulation
Market Comment
Mexico publications
Spain publications
USA publications
Europe publications
Anuari 2016
Working Papers
Multimedia