The purpose of this report is to offer an orderly and systematic analysis of its impact on the Spanish financial system and of the set of regulatory, supervisory and intervention measures adopted during the period 2008-2014. The report uses a descriptive approach, analysing the development of the crisis and the actions carried out, with a view to providing broad references to readers and analysts. This report, which was coordinated by Fernando Eguidazu, a Banco de España council member, includes contributions from the Banco de España’s Directorates General Banking Supervision, Economics, Statistics and Research, Financial Stability, Regulation and Resolution, and the General Secretariat.
Introduction. -- 1. The years of economic expansion: analysis of the period 2000-2007. -- 2. The early years of the crisis (2008-2011). -- 3. The worsening of the crisis (2012-2013). -- 4. Normalisation of the situation and strengthening of the system in 2014. -- 5. Overview of the crisis.-- Anex 1:Cooperation and initiatives of the Banco de España with the courts.-- Anex 2: Banco de España publications on the crisis