Asset encumbrance in secured funding operations in the Spanish banking sector

Credit institutions’ access to funding is key to their survival, especially during crises, when market liquidity deteriorates. In such periods, the availability of assets that can be used as collateral could be instrumental in preserving access to finance. This article analyses the Spanish banking s...

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Detalles Bibliográficos
Autores: Cáceres, Esther, San Vicente, Jorge
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/38944
Acceso en línea:https://repositorio.bde.es/handle/123456789/38944
Access Level:acceso abierto
Palabra clave:Sistema financiero
Liquidez bancaria
Regulación bancaria
Riesgos y liquidez
Liquidity risk
Encumbered assets
Secured funding
Banking system
TLTRO
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oai_identifier_str oai:repositorio.bde.es:123456789/38944
network_acronym_str ES
network_name_str España
repository_id_str
spelling Asset encumbrance in secured funding operations in the Spanish banking sectorCáceres, EstherSan Vicente, JorgeSistema financieroLiquidez bancariaRegulación bancariaRiesgos y liquidezLiquidity riskEncumbered assetsSecured fundingBanking systemTLTROCredit institutions’ access to funding is key to their survival, especially during crises, when market liquidity deteriorates. In such periods, the availability of assets that can be used as collateral could be instrumental in preserving access to finance. This article analyses the Spanish banking sector’s ability to access the secured funding market since late 2014, when the European Banking Authority’s asset encumbrance disclosure framework entered into force. The analysis shows that in Spain, as in all other European countries, asset encumbrance has been declining since 2022. With more unencumbered assets available, banks find it easier to access funding on the financial markets.Banco de EspañaMadrid2024info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/38944reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésFinancial Stability Review / Banco de España, 47 (Autumn 2024), 29-44 p.Versión en español 123456789/38296info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/389442026-06-20T12:44:27Z
dc.title.none.fl_str_mv Asset encumbrance in secured funding operations in the Spanish banking sector
title Asset encumbrance in secured funding operations in the Spanish banking sector
spellingShingle Asset encumbrance in secured funding operations in the Spanish banking sector
Cáceres, Esther
Sistema financiero
Liquidez bancaria
Regulación bancaria
Riesgos y liquidez
Liquidity risk
Encumbered assets
Secured funding
Banking system
TLTRO
title_short Asset encumbrance in secured funding operations in the Spanish banking sector
title_full Asset encumbrance in secured funding operations in the Spanish banking sector
title_fullStr Asset encumbrance in secured funding operations in the Spanish banking sector
title_full_unstemmed Asset encumbrance in secured funding operations in the Spanish banking sector
title_sort Asset encumbrance in secured funding operations in the Spanish banking sector
dc.creator.none.fl_str_mv Cáceres, Esther
San Vicente, Jorge
author Cáceres, Esther
author_facet Cáceres, Esther
San Vicente, Jorge
author_role author
author2 San Vicente, Jorge
author2_role author
dc.subject.none.fl_str_mv Sistema financiero
Liquidez bancaria
Regulación bancaria
Riesgos y liquidez
Liquidity risk
Encumbered assets
Secured funding
Banking system
TLTRO
topic Sistema financiero
Liquidez bancaria
Regulación bancaria
Riesgos y liquidez
Liquidity risk
Encumbered assets
Secured funding
Banking system
TLTRO
description Credit institutions’ access to funding is key to their survival, especially during crises, when market liquidity deteriorates. In such periods, the availability of assets that can be used as collateral could be instrumental in preserving access to finance. This article analyses the Spanish banking sector’s ability to access the secured funding market since late 2014, when the European Banking Authority’s asset encumbrance disclosure framework entered into force. The analysis shows that in Spain, as in all other European countries, asset encumbrance has been declining since 2022. With more unencumbered assets available, banks find it easier to access funding on the financial markets.
publishDate 2024
dc.date.none.fl_str_mv 2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/38944
url https://repositorio.bde.es/handle/123456789/38944
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Financial Stability Review / Banco de España, 47 (Autumn 2024), 29-44 p.
Versión en español 123456789/38296
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de España
Madrid
publisher.none.fl_str_mv Banco de España
Madrid
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869422421758443521
score 15,812429

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