Garcia-Herrero, Alicia; Gavila, Sergio; Santabarbara, Daniel - EconWPA - 2005
, has started a reform process based on three main pillars: (i) bank restructuring, through the cleaning-up of non … improve corporate governance and transparency. Although the reform is still ongoing, our preliminary assessment indicates that … changes are needed for the reform to be fully successful. Asset quality has improved, particularly in the recapitalized banks …