Spain’s Ordóñez discusses developments in preventing future crises


Miguel Fernández Ordóñez, the governor of the Bank of Spain, earlier this month introduced a report that investigates mechanisms for preventing and managing banking crises in the future.

Ordóñez spoke at an event in Madrid on December 1, 2011 and said the financial crisis that is "still with us" has led to the adoption of a broad package of financial measures at the global, European and national levels.

He commended the co-ordinated global response and work by the Financial Stability Board in

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