Jaime Caruana (born 14 March 1952) is a Spanish economist. He served as the General Manager of the Bank for International Settlements from 1 April 2009 to 30 November 2017. He was also the Governor of the Bank of Spain from July 2000 to July 2006.[1]
Jaime Caruana | |
|---|---|
.jpg) | |
| General Manager of the Bank for International Settlements | |
| In office 1 April 2009 – 30 November 2017 | |
| Preceded by | Malcolm Knight |
| Succeeded by | Agustín Carstens |
| 67th Governor of the Bank of Spain | |
| In office 21 July 2000 – 12 July 2006 | |
| Preceded by | Luis Ángel Rojo Duque |
| Succeeded by | Miguel Ángel Fernández Ordóñez |
| Personal details | |
| Born | 14 March 1952 Valencia, Spain |
| Alma mater | Technical University of Madrid |
Early life and education
editCaruana was born in Valencia, and graduated in telecommunications engineering from the Technical University of Madrid (UPM) in 1974.
Career
editCaruana served a six-year term as Bank of Spain Governor, beginning 21 July 2000 and ending on 12 July 2006.
In this capacity, Caruana was also chairman of the Basel Committee on Banking Supervision since May, 2003. Caruana took over the Basel II project at a difficult time, and won respect and praise from both regulators and the financial services industry for ultimately delivering the revised accord in June 2004.[2] In August 2006, Jaime Caruana was appointed to the International Monetary Fund (IMF) by Rodrigo de Rato, as counsellor and director of the Monetary and Capital Markets Department, a new financial, capital and regulatory department.[3] He was succeeded at the Bank of Spain by former secretary of State for Commerce, Miguel Ángel Fernández Ordóñez.
Caruana took over as BIS general manager in April 2009. After completing five years in office in 2014, his term was extended by another three years.[4]
Other activities
edit- Banco Bilbao Vizcaya Argentaria, Member of the Board of Directors (since 2018)[5]
- Group of Thirty, Member
References
edit- ^ "Jaime Caruana - General Manager". Bank for International Settlements. Retrieved 13 September 2010.
- ^ Staff (22 March 2007). "The Asian Banker Brings World-Class Event To Jakarta". The Jakarta Post, archived at LexisNexis. Retrieved 13 September 2010.
- ^ Robinson, Karina (1 April 2008). "Pressure For A Knee-jerk Reaction Is Mounting - Banks Are Discovering That There Will Be A Regulatory Price To Pay For The Support Of Governments And Central Banks - And It Could Be A Costly One". The Banker, archived at LexisNexis. Financial Times Business Limited. Retrieved 13 September 2010.
- ^ Emma Thomasson (23 June 2013), BIS head Caruana extends term until 2017 Reuters.
- ^ of Directors Banco Bilbao Vizcaya Argentaria.