Jaime Caruana
Jaime Caruana (born 14 March 1952) is the General Manager of the Bank for International Settlements. His five-year term began on 1 April 2009. In June 2013, it was extended until end-March 2017. He was also the Governor of the Bank of Spain from July 2000 to July 2006.[1]
Biography
Caruana was born in Valencia, and graduated in telecommunications engineering from the Technical University of Madrid (UPM) in 1974. He served a six-year term as Bank of Spain Governor, beginning 21 July 2000 and ending in July 2006. Currently he is a member of the influential Washington-based financial advisory body, the Group of Thirty. He 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 is succeeded at the Bank of Spain by former secretary of State for Commerce, Miguel Ángel Fernández Ordóñez.
References
| Preceded by | General manager of the Bank for International Settlements 2009 – present |
Incumbent |
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