
Madrid, 4 September 1961.
| 1984 | Degree with distinction in Economics and Business Studies, Universidad Complutense de Madrid. |
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| 1988 | Master of Science in Mathematical Economics and Econometrics, London School of Economics. Mark of distinction. |
| 1990 | Master of Arts in Economics, Harvard University. |
| 1991 | Ph.D. in Economics, Harvard University. |
| 1984-1987 | Assistant lecturer in economic theory, Universidad Complutense de Madrid. |
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| 1985-1987 | Researcher in the economic research programme of Fundación Empresa Pública. |
| 1988-1989 | Teaching assistant in applied econometrics, Harvard University. |
| 1991-1995 | Senior economist in the Directorate General Economics, Research and Statistics of the Banco de España. |
| 1992-1994 | Associate lecturer in financial economics, Universidad Complutense de Madrid. |
| 1992-2000 | Visiting lecturer in financial economics, Universidad Carlos III de Madrid. |
| 1995-1997 | Economic Advisor and Head of Monetary Policy Framework Section of the European Monetary Institute. |
| 1998-1998 | Head of the Financial Studies Unit, Monetary and Financial Studies Department, Directorate General Economics, Research and Statistics of the Banco de España. |
| 1998-2000 | Deputy Director of the Monetary and Financial Studies Department and Head of the European Relations and International Economic Studies Division of the Banco de España. |
| 2001-2007 | Director of the Monetary and Financial Studies Department of the Banco de España. |
| 2007-2008 | Board Member of the CNMV. |
| 2008-2010 | Chairman of the CESR Financial Reporting Group and member of the CESR Audit Committee. |
| 2008-2012 | Vice-Chairman of the CNMV. |
| 2008-2012 | Member of the Board of Supervisors of the European Securities and Markets Authority (ESMA). |
| 2011-2012 | Member of the Board of Supervisors of the European Securities and Markets Authority (ESMA). |
| 2011-2012 | Vice-Chairman of the IOSCO Technical Committee, Chairman of the Monitoring Group of the committees that set international auditing standards (IFAC and PIOB), member of the Monitoring Board of the IFRS Foundation and IOSCO representative on the Financial Stability Board (FSB). |
| 2012 to date | Deputy Governor of the Banco de España. |
| 2012 to date | Full member and chairman of the Governing Committee of the Fund for the Orderly Restructuring of the Banking Sector (FROB). |
| 2012 to date | Full member and chairman of the Managing Committee of the Deposit Guarantee Fund for Banking Establishments. |