Spain
Caruana asks What next for Basel?
In a speech on the subject of 'What next for Basel?' given on 9 October Jaime Caruana of the Bank of Spain said while many challenges lie ahead for the New Basel Accord, even more lie behind us that we have already overcome. Perhaps it's helpful to…
Eurozone inflation remains above 2.0pc
Provisional figures for eurozone inflation released on Tuesday 30 September showed that the rate remained above the ECB's target at 2.1%, according to BizWorld. Ireland had the highest rate of inflation in August, at 3.9pc, followed by Greece and Spain…
Bank of Spain's Jaime Caruana on Basel II
In an interview with reuters, the Governor of the Bank of Spain, Jaime Caruana, said there is a unanimous understanding of the need for Basel II. .It is a completely new approach and in that sense you could say that it is a kind of revolution. He…
Bank of Spain governor to appear before congress
The governor of the Bank of Spain, Jaime Caruana, is set to appear before a congressional commission on Wednesday 17 September to report on the way the central bank has handled the Eurobank situation, according to a report by Expansion.
Bank of Spain's Jaime Caruana on global recovery
In a speech to the International Securities Market Association Annual General Meeting Jaime Caruana of the Bank of Spain said conditions for a global economic recovery in the second half of the year seem to be in place despite economic data that have yet…
Bank of Spain - Annual Report 2002
The Bank of Spain has published Chapter 1. Overview of its Annual Report for the year ended 2002.
Bank of Spain presents annual report on regulation
The Bank of Spain presented its annual report on its regulatory activities on Thursday, it is reported by Expansion.
Domingo Solans on the euro as a driving force
SPEECH - Eugenio Domingo Solans of the European Central Bank said five years is a very short period of time in the normal life of a central bank. He compared the ECB to the Banco de San Carlos, the forerunner of the Bank of Spain created in 1782…
Rising Spanish inflation widens eurozone gap
SPAIN - Inflation jumped a full percentage point in October to a year-on-year rate of 4 per cent, widening the differential with other eurozone.
Bank of Spain makes pessimistic on economy
SPAIN - Jaime Caruana, governor of the Bank of Spain, yesterday announced the bank's economic predictions. The central bank is expecting growth this year of no more than 2 per cent, two tenths of a percentage point lower than the government's prediction.
Spanish yet to return 2.4bn euros worth of pesetas
SPAIN - 2.4bn euros in notes and coins is yet to be changed into euros, according to Spain's central bank.
Union threatens Bank of Spain over branch closure
SPAIN - UGT, the Spanish union, has threatened to take the Bank of Spain to court and sue over the plan to close 30 branches of the central bank.
Spanish cen bank launches early retirement scheme
SPAIN - Banco de Espana, Spain's central bank, is to offer an early retirement scheme to employees of 50 years of age or older who work at the 30 branches across Spain to be closed down.
Bank of Spain to close 30 branches
SPAIN - On 8 August unions and management of the Bank of Spain agreed to close 30 of the central bank's branches, and not 31 as previously planned.
Bank of Spain to close 31 branch offices by 2004
SPAIN - The Bank of Spain has decided to close 31 of its offices in as many provinces by December 2004.
Speech by Fed Reserve Governor Mark Olson, 8 July
SPEECH - In the speech 'Financial Markets Regulation in the United States' Olson said the risk to U.S. banks from the accounting scandals was "very isolated" but added the Fed would ask some banks for restatements due to asset risk.
Spain's central bank to close retail offices
SPAIN - Banco de Espana, Spain's central bank, intends to close down several of its 52 regional offices across Spain in order to reduce costs. At present, the authority operates one branch in every provincial capital of the country. Management intends to…
Eurozone inflation to end yr above 2% says Caruana
SPAIN - Jaime Caruana, governor of the Banco de Espana and member of the ECB board said that inflation in the euro zone this year has been worse than expected. Although he said that it would be difficult to assess where it would head in the medium term,…
Speech by Jaime Caruana, Banco de Espana, 14 June
SPEECH - The governor of the Banco de Espana addresses the governing council of the central bank on the presentation of the annual report, 14 June. He reviews the progress of the Spanish economy in the past year and the challenges it has faced, and…
Bank of Spain - Annual Report 2001
ANNUAL REPORT - Bank of Spain annual report for 2001 is now available online.
Speech by Jaime Caruana, B of Spain, 24 April
SPEECH - Speech by Jaime Caruana, governor of the Bank of Spain, at the Federal Reserve Bank of Chicago, on asset price bubbles and the implications for monetary, regulatory and international policies.
Aznar urges Argentina to bite IMF bullet
SPAIN - Spain's prime minister bluntly urged debt-strapped Argentina on Friday to take "painful decisions" and secure a deal with the International Monetary Fund as fast as possible.
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
ECB's Duisenberg-euro's reserve role slowly rising
SPAIN - The euro's use as an international currency is rising but only gradually, European Central Bank President Wim Duisenberg said on Sunday.