01851cas a2200241 a 4500 AALejournalIMF018053 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484327210 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Spain : Financial Sector Assessment Program-Technical Note-Impaired Assets and Nonperforming Loans. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (28 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 impaired assets and nonperforming loans (NPLs). The size of the problem assets varies significantly across banks and is concentrated in those exposed to residential mortgages and real-estate-related firms, whose NPLs represent about 57 percent of all NPLs. A tough stance on the implementation of the European Central Bank (ECB) guidance on NPLs is desirable. Ideally, in the case of Spain, the cleanup should be completed before the expiration of the ECB's long-term support. Targets to reduce problem assets should be ambitious, and failure to comply should have prudential consequences. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/343 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/343/002.2017.issue-343-en.xml IMF e-Library