Villasante steps down from Bank of Spain

Pedro Pablo Villasante, the director of supervision at the Bank of Spain, is to be nominated secretary-general of the Spanish banking association, the AEB, El Pais reported.

The departure of Mr Villasante from the Spanish central bank, which must be approved by the AEB, will be effective in mid-January 2007, the report said.

Mr Villasante's departure coincides with an overhaul of top management at the Spanish central bank, following the appointment of Miguel Angel Fernandez Ordonez as governor