Jaime Caruana

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Jaime Caruana in 2008

Jaime Caruana (born 14 March 1952) is the General Manager of the Bank for International Settlements. His five-year term began on 1 April 2009. In June 2013, it was extended until end-March 2017. He was also the Governor of the Bank of Spain from July 2000 to July 2006.[1]

Biography[edit]

Caruana was born in Valencia, and graduated in telecommunications engineering from the Technical University of Madrid (UPM) in 1974. He served a six-year term as Bank of Spain Governor, beginning 21 July 2000 and ending in July 2006. Currently he is a member of the influential Washington-based financial advisory body, the Group of Thirty. He was also chairman of the Basel Committee on Banking Supervision since May, 2003. Caruana took over the Basel II project at a difficult time, and won respect and praise from both regulators and the financial services industry for ultimately delivering the revised accord in June 2004.[2] In August 2006, Jaime Caruana was appointed to the International Monetary Fund (IMF) by Rodrigo de Rato, as counsellor and director of the Monetary and Capital Markets Department, a new financial, capital and regulatory department.[3]

He is succeeded at the Bank of Spain by former secretary of State for Commerce, Miguel Ángel Fernández Ordóñez.

References[edit]

  1. ^ "Jaime Caruana - General Manager". Bank for International Settlements. Retrieved 13 September 2010. 
  2. ^ Staff (22 March 2007). "The Asian Banker Brings World-Class Event To Jakarta". The Jakarta Post, archived at LexisNexis. Retrieved 13 September 2010. (subscription required (help)). 
  3. ^ Robinson, Karina (1 April 2008). "Pressure For A Knee-jerk Reaction Is Mounting - Banks Are Discovering That There Will Be A Regulatory Price To Pay For The Support Of Governments And Central Banks - And It Could Be A Costly One". The Banker, archived at LexisNexis (Financial Times Business Limited). Retrieved 13 September 2010. (subscription required (help)). 
Preceded by
Malcolm Knight
General manager of the
Bank for International Settlements

2009 – present
Incumbent