The Deputy Governor of the Banco de España stands in for the Governor in the event that the post is vacant or in the Governor's absence, and performs the duties established in the Bank's regulations or delegated to him by the Governor.
He is appointed by the Government at the proposal of the Governor.
The terms of office of the Governor and Deputy Governor are simultaneous, they last for six years and are not renewable.
The current Deputy Governor of the Banco de España is Fernando Restoy.