November 28, 2014 12:20 PM ET

Banks

Company Overview of Banco de España

Company Overview

Banco de España operates as a central bank of Spain. Its functions include defining and implementing Euro system's monetary policy, conducting currency exchange operations, promoting the working of payment systems in Euro area, issuing legal tender banknotes, preparation and the publication of statistics relating to its functions, provision of treasury services and financial agent for government debt, adviser to the government, and preparing reports and studies. Banco de España was formerly known as The Banco Nacional de San Carlos and changed its name in 1856. The company was founded in 1782 and is based in Madrid, Spain.

C/ Alcala, 48

Madrid,  28014

Spain

Founded in 1782

2,645 Employees

Phone:

34 91 338 50 00

Key Executives for Banco de España

Director General of Regulation and Financial Stability
Age: 63
Director General of Operations
Age: 63
General Secretary and Member of Governing Council
Vice President of the Spanish National Securities Market Commission - CNMV and Member of Governing Council
Age: 58
Director General of the Treasury & Financial Policy and Member of Governing Council
Age: 57
Compensation as of Fiscal Year 2014.

Banco de España Key Developments

Banco De España Announces Appointments in Directorate General of Banking Supervision

TheGoverning Council of the Banco de Espana has ratified the appointments of Mariano Herrera Garcia-Canturri as Director General of Banking Supervision and of Pedro Comin Rodriguez as Associate Director General of Banking Supervision, resolved on 14 February by the Banco de Espana Executive Commission. Mariano Herrera, born on 7 February 1959 in Sao Paulo (Brazil), has joined the Credit and Savings Institutions Inspectorate of the Banco de Espana in 1986. In October that year he was appointed Associate Director General of Banking Supervision, his most recent position. Pedro Comin Rodriguez, born in Zaragoza on 19 May 1961 has joined the Banco de Espana in 1991 after six years in the private sector devoted to audit and control functions. In 2012 he became Executive Director of the FROB (Fund for the Orderly Restructuring of the Banking Sector), his most recent position.

Banco de Espana Announces Management Changes

The Council of Ministers has resolved, at its meeting of October 4, to appoint Mr. Rafael Castejon Montijano a member of the Governing Council of the Banco de Espana. Mr. Castejon replaces Mr. Jose Maria Marin Quemada, who resigned from his post after being appointed President of the new National Markets and Competition Commission (CNMC). Mr. Rafael Castejon Montijano (b. Cordoba, 1949) has a doctorate in Economics from the University of Barcelona and is Professor of Applied Economics at the UNED. Since 1971 Mr. Castejon has held various teaching posts in the Economics faculties of Malaga, Seville and the UNED, where he was, successively, secretary (1981 - 1983) and dean of the Faculty of Economics and Business Studies (first, from 1984 to 1991, and su bsequently, from 1999 to 2007). Between 1992 and 1994 he was director of the European Centre for Business Management of the Madrid Chamber of Commerce. From 1997 to 1999 he was director of the Department of Applied Economics and Economic History of the UN ED. He is currently director of the Department of Applied Economics of the UNED.

Banco de Espana Executive Commission Accepts Resignation of Jose Maria Roldan Alegre as Director General of Regulation and Financial Stability

Banco de Espana Executive Commission accepted the resignation as Director General of Regulation and Financial Stability of Mr. Jose Maria Roldan Alegre. The Commission expressed its acknowledgement of and gratitude for the notable work performed by Mr. Roldan in his 12 years in the post. Also at this meeting, the Executive Commission appointed Mr. Julio Duran Hernandez as Director General of Regulation and Financial Stability. Julio Duran Hernandez (Madrid, 1951) graduated in Economics from the Madrid Complutense University and has a Ph. D., Economics, from the University of Minnesota. Early in his career he worked at the World Bank in Washington D.C., which he joined through the Young Professional Programme. Subsequently he was appointed principal economist for Argentina in the World Bank's Latin American Department.

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