Jaime Caruana

IMF sticks with $1 trillion write-down estimate

The International Monetary Fund (IMF) said on Monday it was standing by its estimate that subprime write-downs would end up totalling something close to $1 trillion despite research by the Bank of England suggesting that losses would be a lot lower.

Candidates touted to succeed BIS's Knight

Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…

Basel II procyclicality concern must be mitigated

The elements of Basel II built into the framework to mitigate procyclicality must be properly used, especially in the current climate, said Jaime Caruana, the director of the International Monetary Fund's monetary and capital markets department.

IMF Global Financial Stability Report, Apr 2007

The International Monetary Fund published its Global Financial Stability Report for April 2007 on 10 April. In the report the IMF said the stability of the global financial system is being bolstered by favourable economic conditions, but some financial…

Caruana on the Spanish economy in 2005

In the speech 'Overview of the Spanish economy in 2005' given on 15 June Jaime Caruana of the Bank of Spain said throughout last year and in early 2006, the expansionary cycle of the Spanish economy continued and intensified.

Bank of Spain governor appointed to IMF post

The IMF said Wednesday 7 June it has appointed Bank of Spain governor Jaime Caruana as head of a new IMF department that will be responsible for all aspects of the Fund's financial, capital market and monetary work.

Nout Wellink to chair Basel Committee

The Group of Ten (G10) central bank governors and heads of banking supervision said Friday 19 May that they have appointed Nout Wellink, President of the Netherlands Bank, as the new Chairman of the Basel Committee on Banking Supervision.

Next Bank of Spain chief will face higher rates

According to this article published on Thursday 16 February, when a new governor replaces Jaime Caruana as head of the Bank of Spain later this year, their biggest challenge will be to manage the change of the economic cycle.

Caruana to leave Basel Committee in July

Jaime Caruana said on Monday 9 January he will step down as chairman of the Basel Committee on Banking Supervision when he leaves his post as governor of the Bank of Spain in July this year.

ECB's Caruana expects moderate rate rise

European Central Bank Governing Council Member Jaime Caruana echoed comments from some other ECB officials on Thursday 24 November when he said he expects a "moderate" rise in eurozone interest rates.

Spain's Caruana on banking supervision in Europe

In the speech 'The future of banking supervision in Europe' given on 28 October Jaime Caruana of the Banco de Espaa said more efficient supervision is a necessary - although not sufficient - condition for a more integrated market.

Caruana on Basel II - Emerging market perspectives

In a speech on 'Basel II - Emerging Market Perspectives' given on 11 November, Jaime Caruana of the Banco de Espaa and Chairman of the Basel Committee said Basel II is intended to reinforce our focus on risk and to encourage all of us to improve our…

Caruana at the 'Basel Sessions 2004'

In a speech at the 'Basel Sessions 2004' given on 6 July, Jaime Caruana of the Bank of Spain said the recent publication of the text of Basel II marks the end of an important phase in our work. "But, let me repeat T.S. Eliot's words that to make an end…

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