The Governor of the Bank of Spain ( es, Gobernador del Banco de España) is the head of the

Bank of Spain The Bank of Spain ( es, link=no, Banco de España) is the central bank of Spain. Established in Madrid in 1782 by Charles III of Spain, Charles III, today the bank is a member of the European System of Central Banks and is also Spain's national ...

, the central bank of the

Kingdom of Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

. The Bank of Spain is integrated in the

European System of Central Banks The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability t ...

and, as such, the Governor is an ''

ex officio member An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right ...

'' of the

Governing Council of the European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central b ...

. The Governor is appointed by the executive branch and it reports to both

Government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

and

Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...

. To ensure its independence, the governor has a term of six years, with no possibility of renewal. Further, the governor cannot be fired except for exceptional cases. The current and 70th governor is

Pablo Hernández de Cos Pablo Hernández de Cos (born January 20, 1971) is a Spanish economist who serves as the 70th Governor of the Bank of Spain, as Chairman of the Basel Committee on Banking Supervision and as Chair of the Advisory Technical Committee of the Europea ...

, whose appointment was official on May 31 and he assumed the office on June 11, 2018.

Appointment process

As stipulated by the Bank of Spain Autonomy Act of 1994, the

Monarch A monarch is a head of stateWebster's II New College DictionarMonarch Houghton Mifflin. Boston. 2001. p. 707. Life tenure, for life or until abdication, and therefore the head of state of a monarchy. A monarch may exercise the highest authority ...

appoints the Governor, the Deputy Governor and the rest of members of the Bank's Governing Council and Executive Committee. The governor is nominated by the

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

, while the deputy governor is nominated by the incumbent governor. The governor has a special appointment process. Before the appointment, the

Minister of Economy A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

must appear before the

Congress of Deputies The Congress of Deputies ( es, link=no, Congreso de los Diputados, italic=unset) is the lower house of the Cortes Generales, Spain's legislative branch. The Congress meets in the Palacio de las Cortes, Madrid, Palace of the Parliament () in Ma ...

' Economy Committee to inform them about the candidate. The candidate does not need the approval of Congress, although as a requirement, the candidate is required to be a Spanish person with recognized competence in monetary or banking matters. The governor's and deputy governor's term’s lasts six years and is not renewable. The governor and deputy governor only leave the office when the term ends, by resignation or when the Government proves that the governor has a permanent incapacity for the exercise of their powers, serious breach of their obligations, office incompatibility or prosecution for a criminal offense.

Functions

The governor's functions are: *To direct the Bank and preside over the Governing Council and the Executive Committee. *To legally represent the Bank for all purposes and, especially, before courts of justice, as well as authorize contracts and documents and perform the other activities that are necessary for performance of the functions entrusted to the Bank of Spain. *To represent the Bank of Spain in institutions and international organizations in which it is expected to participate. *To hold the status of member of the

Governing Council A personal ordinariate for former Anglicanism, Anglicans, shortened as personal ordinariate or Anglican ordinariate,"...the liturgies approved for the Anglican ordinariates..." "Bishop Stephen Lopes of the Anglican Ordinariate of the Chair of St ...

and of the General Council of the European Central Bank.

List of governors

This is a list of the people that have served as Governor of the Bank of Spain. This title was adopted in 1856, although the Bank's roots dates back to 1782. #January 1856 – November 1863:

Ramón de Santillán Ramón de Santillán González (30 August 1791 – October 19, 1863) was a Spanish statesman who served as Minister of Finance and First Governor of the Bank of Spain. Life Santillán was born in Lerma (province of Burgos). He came from a re ...

(Lerma, Burgos, 1791). #November 1863 – April 1866: Francisco Santa Cruz Pacheco (Orihuela, Alicante, 1802). #April 1866 – July 1866: Victorio Fernández Lazcoiti (Oviedo, Asturias, 1805). #July 1866 – October 1868: Juan Bautista Trúpita (Huércal–Overa, Almería, 1815). #October 1868 – December 1876:

Manuel Cantero San Vicente Manuel may refer to: People * Manuel (name) * Manuel (Fawlty Towers), a fictional character from the sitcom ''Fawlty Towers'' * Charlie Manuel, manager of the Philadelphia Phillies * Manuel I Komnenos, emperor of the Byzantine Empire * M ...

(Madrid, 1804). #January 1877 – October 1877: Pedro Salaverría (Santander, 1810). #October 1877 – February 1878: José Elduayen y Gorriti (Madrid, 1823). #February 1878 – March 1881: Martín Belda y Mencía del Barrio (Córdoba, 1815). #March 1881 – October 1883:

Antonio Romero Ortiz Antonio is a masculine given name of Etruscan origin deriving from the root name Antonius. It is a common name among Romance language-speaking populations as well as the Balkans and Lusophone Africa. It has been among the top 400 most popular mal ...

(Santiago de Compostela, La Coruña, 1822). #October 1883 – January 1884:

Juan Francisco Camacho Juan Francisco Camacho (1824 – January 23, 1896), Spanish statesman and financier, was born in Cadiz. The first part of his life was devoted to mercantile and financial pursuits at Cadiz and then in Madrid, where he managed the affairs of and l ...

(Cádiz, 1813). #January 1884 – February 1885: Francisco de Cárdenas Espejo (Sevilla, 1816). #February 1885 – August 1890: Salvador Albacete y Albert (Cartagena, Murcia, 1822). #August 1890 – November 1891: Cayetano Sánchez Bustillo (Llanes, Asturias, 1839). #November 1891– April 1892:

(Cádiz, 1813). #April 1892 – December 1892: Santos de Isasa y Valseca (Montoro, Córdoba, 1822). #December 1892 – April 1895: Pío Gullón e Iglesias (Astorga, León, 1835). #April 1895 – September 1895: Santos de Isasa y Valseca (Montoro, Córdoba, 1822). #September 1895 – December 1895:

Manuel Aguirre de Tejada Manuel Aguirre de Tejada (28 December 1827, Ferrol, Galicia – 9 April 1911) was a Spanish politician and lawyer. He was Foreign Minister during the reign of Alfonso XII, and Minister of Justice during the regency of Maria Christina of Austr ...

(Ferrol, La Coruña, 1829). #December 1895 – October 1897: José García Barzanallana (Madrid, 1819). #October 1897 – March 1899: Manuel de Eguilior Llaguno (Limpias, Santander, 1842). #March 1899 – October 1899: Luis María de la Torre y de la Hoz (Anaz, Santander, 1827). #October 1899 – December 1899: Antonio María Fabié (Sevilla, 1834). #January 1900 – April 1901: Juan de la Concha Castañeda (Plasencia, Cáceres, 1818). #April 1901 – February 1902: Pío Gullón e Iglesias (Astorga, León, 1835). #July 1902 – December 1902; Andrés Mellado Fernández (Málaga, 1846). #December 1902 – July 1903: Antonio García Alix (Murcia, 1852). #July 1903 – December 1903: José Sánchez Guerra y Martínez (Córdoba, 1859). #December 1903 – December 1904: Tomás Castellano y Villarroya (Zaragoza, 1850). #December 1904 – August 1905: Manuel Allendesalazar (Guernica, Vizcaya, 1856). #August 1905 – June 1906: Trinitario Ruiz y Capdepón (Orihuela, Alicante, 1836). #June 1906 – January 1907: Fernando Merino Villarino (León, 1869). #January 1907 – September 1908:

José Sánchez Guerra José is a predominantly Spanish and Portuguese form of the given name Joseph. While spelled alike, this name is pronounced differently in each language: Spanish ; Portuguese (or ). In French, the name ''José'', pronounced , is an old vernacul ...

(Córdoba, 1859). #September 1908 – October 1909: Antonio García Alix (Murcia, 1852). #October 1909 – February 1910: Fernando Merino Villarino (León, 1869). #February 1910 – April 1911: Tirso Rodrigáñez y Sagasta (Logroño, 1853). #April 1911 – November 1913:

Eduardo Cobián y Roffignac Eduardo is the Spanish and Portuguese form of the male given name Edward. Another version is Duarte. It may refer to: Association football * Eduardo Bonvallet, Chilean football player and sports commentator * Eduardo Carvalho, Portuguese footba ...

(Pontevedra, 1857). #November 1913 – January 1916: Lorenzo Domínguez Pascual (Sevilla, 1863). #January 1916 – July 1916: Manuel de Eguilior Llaguno (Limpias, Santander, 1842). #July 1916 – June 1917: Amós Salvador Rodrigáñez (Logroño, 1845). #June 1917 – November 1917: Lorenzo Domínguez Pascual (Sevilla, 1863). #November 1917 – April 1919: Tirso Rodrigáñez y Sagasta (Logroño, 1853). #April 1919 – October 1919: Manuel Allendesalazar (Guernica, Vizcaya, 1856). #October 1919 – March 1921: Eduardo Sanz Escartín (Pamplona, Navarra, 1855). #March 1921 – August 1921: José Maestre Pérez (Monòver, Alicante, 1866). #August 1921 – March 1922: Luis Alfonso Sedó Guichard (Madrid, 1873). #March 1922 – January 1923: Salvador Bermúdez de Castro (Madrid, 1863). #January 1923 – September 1923: Tirso Rodrigáñez y Sagasta (Logroño, 1853). #February 1924 – October 1929: Carlos Vergara Caillaux (Getafe, Madrid, 1854). #October 1929 – February 1930: José Manuel Figueras Arizcun (Bilbao, Vizcaya) #February 1930 – August 1930: Juan Antonio Gamazo y Abarca (Boecillo, Valladolid, 1840) #August 1930 – April 1931: Federico Carlos Bas Vasallo (Alicante, 1881). #April 1931 – September 1933: Julio Carabias Salcedo (Valladolid, 1883). #September 1933 – March 1934: Manuel Marraco Ramón (Zaragoza, 1870). #March 1934 – April 1935:

Alfredo de Zavala y Lafora Alfredo de Zavala y Lafora (25 May 1893 – 7 March 1995) was a Spanish lawyer. During the Second Spanish Republic he served as Governor of the Bank of Spain, and briefly as Minister of Finance. Birth and education (1895–1931) Alfredo Zavala L ...

(Madrid, 1893). #April 1935 – mayo de 1935: Alejandro Fernández de Araoz (Medina del Campo, Valladolid, 1894). #mayo de 1935 – February 1936:

(Madrid, 1893). #March 1936 – August 1938: Luis Nicolau d'Olwer (Barcelona, 1888). #April 1938 – August 1950:

Antonio Goicoechea Antonio Goicoechea (21 January 1876, in Barcelona – 11 February 1953, in Madrid) was an Alfonsism, Alfonsine monarchist politician and lawyer in Spain during the period of the Second Spanish Republic and the Spanish Civil War. He started to beco ...

(Barcelona, 1876). #August 1950 – September 1951: Francisco de Cárdenas y de la Torre (Madrid, 1875). #September 1951 – December 1963: Joaquín Benjumea y Burín (Sevilla, 1878). #July 1965 – July 1970: Mariano Navarro Rubio (Barbaquena, Teruel, 1913). #July 1970 – August 1976: Luis Coronel de Palma (Madrid, 1925). #August 1976 – March 1978: José María López de Letona (Burgos, 1922). #March 1978 – July 1984: José Ramón Álvarez Rendueles (Gijón, 1940). #July 1984 – July 1992: Mariano Rubio Jiménez (Burgos, 1931). #July 1992 – July 2000: Luis Ángel Rojo Duque (Madrid, 1934). #July 2000 – July 2006: Jaime Caruana Lacorte (Valencia, 1952). #July 2006 – June 2012:

Miguel Ángel Fernández Ordóñez Miguel Ángel Fernández Ordóñez (born 3 April 1945) is a Spanish economist and politician, member of the Socialist Workers' Party and former Governor of the Bank of Spain. He is the younger brother of Francisco Fernández Ordóñez, also a ...

(Madrid, 1945). #June 2012 – June 2018:

Luis María Linde Luis María Linde de Castro (born May 15, 1945 in Madrid) is a Spanish economist and civil servant who has served as governor of the Spanish Central Bank from 2012 until 2018. Early life and education Linde graduated with a degree in economic ...

(Madrid, 1945). #June 2018 – June 2024:

(Madrid, 1971).

References

External links

*{{citation , url=https://www.bde.es/bde/es/secciones/sobreelbanco/organizacion/Organos_rectores/El_gobernador/El_gobernador.html , title=El Gobernador (The Governor) , work=www.bde.es, access-date=2018-05-29 Lists of political office-holders in Spain

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...