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Why is the ECB so demanding with Spanish banks? 

March 24, 2014
Francisco López, The Corner

Spanish banks are the most closely examined in the world, but it does not seem to be enough for supervising institutions. The ECB has urged them to undergo a new and comprehensive assessment of their exposure to real state sector before the European banking industry’s Asset Quality Review previous to the stress tests that will take place by the end of the year. The central bank has rejected that Spain’s entities use 2012’s review by audit firm Oliver Wyman. Even though ,they reckon, that would save money and time.

The common European supervisor, which must prove its good work at this new responsibility’s performing, has absolutely ignored those suggestions: it will only accept independent assessments with figures from January 1st of 2013 on.

This disagreement underlines the importance of banking sector results’s analysis. Bank of Spain has just published the industry, and one can come to relevant conclusions considering 2014’s stress tests.

Read more: The Corner

 
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