About us

The Executive Commission

The Executive Commission of the Banco de España, subject to the guidelines of the Governing Council:

• Implements monetary policy.
• Determines administrative authorisations to be granted by the Bank.
• Makes recommendations and requests to credit institutions.
• Determines intervention measures and the replacement of directors or other measures that have been vested by law to the Banco de España.

Composition

The Executive Commission is formed by:

• The Governor: Pablo Hernández de Cos.
• The Deputy Governor: Margarita Delgado.
• Two commission members designated by the Governing Council at the proposal of the Governor, from among the non ex-officio members of the council: Fernando Eguidazu and Soledad Núñez.

The Directors-General of the Banco de España (Alejandro Álvarez, Juan Ayuso, Ángel Estrada, Ángel Gavilán, Mercedes Olano and Alberto Ríos) attend its meetings as non-voting members.

The General Secretary of the Banco de España (Francisco Javier Priego) acts as non-voting Secretary to the Executive Commission.