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Spanish securities markets: recent developments and key challenges

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The Spanish financial System

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Abstract

When reviewing the development or characteristics of the Spanish financial system, as in various chapters of this volume, one essential point to note is the high level of penetration of banking services in Spain. In fact, credit institutions play a fundamental role in channeling financial flows in the Spanish economy: traditional banking products, such as deposits, are still the main savings vehicle for households, and commercial loans are still the main source of borrowing for companies and households.

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Author information

Authors and Affiliations

  1. National Securities Market Commission (CNMV), Spain

    Fernando Restoy & Rafael Sánchez de la Peña

Authors
  1. Fernando Restoy
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  2. Rafael Sánchez de la Peña
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Editor information

José Luis Malo de Molina Pablo Martín-Aceña

Copyright information

© 2012 Banco de España

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Cite this chapter

Restoy, F., de la Peña, R.S. (2012). Spanish securities markets: recent developments and key challenges. In: Malo de Molina, J.L., Martín-Aceña, P. (eds) The Spanish financial System. Palgrave Macmillan, London. https://doi.org/10.1057/9780230361140_9

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