Spain
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…
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…