01890cas a2200241 a 4500 AALejournalIMF018050 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484327166 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Spain : Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (21 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of insolvency and creditor rights. The regime for creditor and debtor rights largely conforms to international best practices. With respect to creditor and debtor rights, the registration of real estate mortgages is efficient, reliable, and cost-effective. Owing to nonperforming loans, real estate foreclosure has been extensively used in Spain. Real estate collateral plays a critical role in Spain owing to the fact that a very large percentage of loans are collateralized with real estate. The institutional framework supporting insolvency and creditor rights has been strengthened but requires further reinforcement and more resources. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/340 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/340/002.2017.issue-340-en.xml IMF e-Library