Jaime Caruana

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Jaime Caruana
Caruana, Jaime (IMF 2008).jpg
General Manager of the Bank for International Settlements
In office
1 April 2009 – 30 November 2017
Preceded byMalcolm Knight
Succeeded byAgustín Carstens
Governor of the Bank of Spain
In office
21 July 2000 – 12 July 2006
Preceded byLuis Ángel Rojo Duque
Succeeded byMiguel Ángel Fernández Ordóñez
Personal details
Born (1952-03-14) 14 March 1952 (age 66)
Valencia, Spain
Alma materTechnical University of Madrid

Jaime Caruana (born 14 March 1952) is a Spanish economist. He served as the General Manager of the Bank for International Settlements from 1 April 2009 to 30 November 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 12 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 was 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)).