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Catalonia and the Spanish banking system

Myachenkova, Yana, (2017), “Catalonia and the Spanish banking system“, Bruegel, 6 October

As tensions rise around Catalonia’s independence movement, there are worries about the impact on the Spanish banking sector. Banks based in Catalonia account for around 14% of total assets. Some major institutions are already moving their headquarters to other parts of Spain. However, most Spanish banks have significant exposure to the Catalan market, and all could be caught up in the turmoil.

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