In accordance with Law 13/1994 of 1 June 1994 on the Autonomy of Banco de España, the remuneration and other employment conditions for the position of Governor, Deputy Governor and council members are set by the Minister for Economic Affairs and Finance, at the proposal of the Bank's Governing Council. Parliament is informed of the remuneration and employment regime.
For its part, the Executive Committee appoints the general and personnel directors, and sets their salaries, in accordance with the Bank's internal regulations and the general directives approved by the Governing Council.
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