Spain
Caruana on Basel II - a new approach
In a speech on 'Basel II - a New Approach to Banking Supervision' given on 1 June, Jaime Caruana of the Bank of Spain said Basel II is an important step in embracing a new, incentives-based approach to supervision. In the speech Caruana discusses how it…
Caruana on risk management trends
In a speech on 'Risk management trends & the supervisory structure' given on 27 May, Jaime Caruana of the Bank of Spain said there is a need for risk management and supervision to evolve together and to reinforce each other. Both areas must keep pace…
Caruana: Accounting, transparency & bank stability
In a speech at the Accounting, Transparency and Bank Stability Workshop given on 17 May, Jaime Caruana of the Bank of Spain said this conference will help to identify the policy options that supervisors have in order to address emerging issues in risk…
'Mr Euro' quits EU for Spanish fin min job
Pedro Solbes, a staunch defender of the eurozone's stability and growth pact, is stepping down as European economic and monetary affairs commissioner on 11 April to take up the post of finance minister in Spain's incoming Socialist government.
Spain's Paramo gets ECB green light
Eurozone finance ministers decided on Thursday March 25 to propose Spain's Jose Manuel Gonzalez-Paramo to the European Central Bank's Executive Board.
Central bank financial independence
This Bank of Spain Occasional Paper says that central bank independence is a multifaceted institutional design but the financial component has rarely been analysed. The paper sets out a comprehensive conceptual background for central bank financial…
Message from Jean-Claude Trichet on Madrid attacks
At Thursday's Governing Council meeting (18 March 2004), Jean-Claude Trichet, President of the European Central Bank, relayed to Jaime Caruana, Governor of the Banco de Espaa, the Governing Council's sincere condolences and assured him of its total…
France 'won't back Rato's IMF candidacy'
Outgoing Spanish Economy Minister Rodrigo Rato emerged as a leading European candidate to head the IMF this week, but his chances of getting the nod were later thrown into doubt following comments attributed to Jacques Chirac.
New Spanish PM backs Rato for IMF
Spain's future Socialist prime minister, Jose Luis Rodriguez Zapatero, on Wednesday 17 March came out in support of Rodrigo Rato for IMF Managing Director, saying that his appointment would be good news.
Spain may propose Rato as IMF chief
Rodrigo Rato, former Spanish economy minister after Sunday's election, may be proposed to run the IMF, according to Miguel Sebastian, an economic adviser to Prime Minister-elect Jose Luis Rodriguez Zapatero.
ECB to discuss economic impact of bomb attack
Austrian central bank governor Klaus Liebscher said on Tuesday 16 March that the ECB will this week examine possible consequences of the Madrid bomb attacks on the European economy.
ECB mourns Spanish bomb victims
In Frankfurt on Thursday 11 March, about 150 employees of the European Central Bank gathered before the bank headquarters in a memorial service for the victims of the Madrid bombing.
Belgium calls for fair play over ECB job
Belgian finance minister Didier Reynders has said competence should be the "only criteria" for picking a replacement for Spain's Eugene Domingo Solans, who leaves the ECB's executive board at the end of May.
Caruana on the Basel II capital accord
In a speech to the Institute of International Bankers conference in Washington given on 1 March, Jaime Caruana of the Banco de Espaa said the Basel Committee on Banking Supervision is on course to finish its work on the Basel II capital accord by mid…
Spain enters race for ECB seat
Spain has entered the frame proposing a candidate for a place on the governing council of the European Central Bank against both Ireland and Belgium, who have already thrown their hats into the ring.
Caruana on risk management
In a speech to the 5th Annual Risk Management Convention given on 24 February, Jaime Caruana, Chairman of the Basel Committee, said impressive advances have been achieved in measuring and managing exposures to market risk, credit risk and, more recently,…
Spain's Caruana on int. market discipline
In a keynote speech at the Conference "Market Discipline: The Evidence across Countries and Industries" given on 1 November, Jaime Caruana of the Bank of Spain said that although banks and supervisors have much to do in the years ahead, we are confident…
CentralBankNet Monday Special Feature
To be published on Tuesday 16 December, the new edition of The Financial Regulator includes an interview with Jaime Caruana, governor of the Bank of Spain and chairman of the Basel Committee on Banking Supervision. CentralBankNet presents an exclusive…
Caruana on the New Basel Capital Accord
In a speech to the Fifth Meeting of the Asian Program of the Institute of International Finance given on 17 November, Jaime Caruana, Chairman of the Basel Committee on Banking Supervision, said three words have guided our work on the New Accord, namely…
Hardest working man in central banking
The title undoubtedly goes to Jaime Caruana, governor of the Bank of Spain, chairman of the Basel Committee on Banking Supervision, and a member of the governing board of the European Central Bank. The frequent flyer miles are piling up as Mr Caruana…
Slimming down the Bank of Spain
SPECIAL FEATURE - Like all the central banks of the Eurosystem, the Bank of Spain is grappling with the implications of its status as one central bank within the larger federal. CentralBankNet reports from Madrid on how the restructuring is being carried…
Caruana: Challenges for European monetary policy
In a speech on 'The European monetary policy: main challenges in the current environment' given on 13 November, Jaime Caruana of the Bank of Spain said the New Accord, the so-called Basel II, is based on three pillars: risk-sensitive minimum capital…
Caruana on contemporary issues in credit risk
In the speech 'Contemporary issues in credit risk' given on 27 October Jaime Caruana of the Bank of Spain said adopting a more risk-sensitive treatment of credit risk will require significant work by all of us. What we learn about the factors driving…
Caruana on Prices, productivity and growth
In a speech on 'Prices, productivity and growth' given on 17 October Jaime Caruana of the Bank of Spain said the Spanish economy, despite sharing some of the structural shortcomings present in Europe, has been more buoyant in recent years than the euro…