Subject to the guidelines of the Governing Council, the Executive Commission of the Banco de España:
- Contributes to the implementation of the monetary policy formulated by the European System of Central Banks.
- Resolves administrative authorisations to be granted by the Bank.
- Issues recommendations and requests to credit institutions.
- Adopts measures relating to intervention and the replacement of directors, as well as any others that have been entrusted by law to the Banco de España.
