Spain
Bank of Spain sees GDP continuing trend
The Bank of Spain said in its monthly economic bulletin that the GDP growth trend seen in the third quarter is expected to continue into the fourth quarter.
Bank of Spain completes branch restructuring
Spain's central bank has completed its branch restructuring program and will close 10 branches in a number of Spanish cities, reducing its total number of branches to 22.
Caruana: what is next for Basel
Remarks by Mr Jaime Caruana, Governor of the Bank of Spain and Chairman of the Basel Committee on Banking Supervision, at the "Basel II: Reality Check" Conference, London, 10 November 2004.
Caruana: Making diligent preparations for Basel II
In the speech 'Making diligent preparations for Basel II' given on 22 September, Jaime Caruana of the Bank of Spain said challenging work remains ahead to ready our banks, to build our skills as supervisors, and to promote greater transparency in 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…
Caruana on Bank of Spain's 2003 Annual Report
In a speech presenting the Bank of Spain's 2003 Annual Report, given on 18 June, Jaime Caruana said the recovery in the international economy progressively gathered momentum during 2003 and early 2004, as well as extending to other regions. Adding to the…
Caruana on 60 years after Bretton Woods
In a speech on '60 years after Bretton Woods - a central banker's view' given on 10 June, Jaime Caruana of the Bank of Spain said central banks have also undergone changes similar to those at the IMF. Developments in macroeconomic theory and the…
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…