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The Governing Council

The Governing Council of the Banco de España approves the general operating guidelines for the Bank. Its powers also include:

  • Discussing monetary policy matters and overseeing the Bank’s contribution to the monetary policy conduct of the European System of Central Banks.
  • Approving Banco de España circulars.
  • Imposing sanctions within its areas of competence.
  • Adopting the resolutions necessary for the conduct of the functions entrusted to the Banco de España that are not the exclusive competence of the Executive Commission.

The Governing Council ratifies the appointment of the Directors General of the Banco de España.

Members

The members of the Governing Council of the Banco de España are the Governor, the Deputy Governor, six members appointed for a six-year term (renewable once); the General Secretary of the Treasury and International Financing, and the Vice-Chair of the National Securities Market Commission (CNMV).

José Luis Escrivá Governor

Soledad Núñez Deputy Governor

Judith Arnal Martínez Council member

Fernando Fernández Méndez de Andés Council member

Carles Manera Erbina Council member

Jordi Pons Novell Council member

Lucía Rodríguez Member

Luis Servén Díez Council member

Paula Conthe General Secretary of the Treasury and International Financing

Montserrat Martínez Vice-Chair of the CNMV

The Directors General of the Bank (Juan Ayuso, Ángel Estrada, Ángel Gavilán, Mayte Ledo, Paloma Marín, Mercedes Olano and Alberto Ríos) and Mariano Serrano, as staff representative, also attend the Council meetings as non-voting participants.

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

Department

  • Independent Evaluations Office Director: María Gutiérrez de Ojesto