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 …, reliable, and cost-effective. Owing to nonperforming loans, real estate foreclosure has been extensively used in Spain. Real …

supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations for strengthening the … insolvency system (liquidation and reorganization proceedings); and (4) effectiveness of the relevant institutional, regulatory …