People: Bank of Spain bolsters supervisory staff; ECB advertises two more SSM posts

Spain: The Bank of Spain has appointed Mariano Herrera García-Canturri as director-general of Banking Supervision, filling the vacancy created when Ramón Quintana was hired last month by the European Central Bank's (ECB) single supervisory mechanism (SSM) to head up a directorate general there.

Herrera was until now associate director-general of banking supervision at the Spanish central bank, a post that is now filled through an internal promotion by Pedro Comín Rodríguez.

Herrera and Comín are both long-term employees of the Bank of Spain but also both worked at Spain's Fund for the Orderly Restructuring of the Banking Sector (Frob), which Herrera headed up from 2011 to 2012 – at which point Comín joined Frob as executive director, where he has been until now.

ECB: The ECB has begun its search for candidates to fill the two remaining deputy director-general vacancies in the SSM, having hired the first five earlier this month.

One of the two vacancies is for a deputy director-general in DG-Micro III, the department charged with supervising "less significant institutions (LSIs)", as the ECB describes them. This post was recently created, having not been foreseen in the SSM's original blueprint.

The other post is in DG-Micro IV, the department responsible for the performance of horizontal supervision and specialised expertise functions in areas such as supervisory quality assurance, policies, methodology and standards development, authorisation, enforcement and sanctions, crisis management, capital market risk analysis and model validation, bank governance and business models, and on-site inspections.

The posts are remunerated in the ECB's salary band K, meaning the appointees will earn between €164,844 ($226,209) and €207,792 per year. This is the second highest salary band at the ECB.