Pablo Hernández de Cos: Taking up of office as Governor of the Bank of Spain

Address by Mr Pablo Hernández de Cos, Governor of the Bank of Spain, on taking up office by the Governor of the Bank of Spain, Madrid, 26 June 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Honourable Ministers and Authorities, ladies and gentlemen, dear colleagues and friends, I believe today calls, above all, for a round of gratitude.

First, I wish to thank Ministers Calviño and Montero for their presence here today.

May they rest assured I am firmly committed to maintaining the close and loyal collaboration traditionally offered by the Banco de España to the Ministries for the Economy and Finance.

I also wish to thank the previous minister, Román Escolano, for his presence at this ceremony, and for his proposal and defence of my appointment before the Parliamentary Committee for the Economy and Competitiveness.

And my gratitude extends to the representatives of the Committee accompanying us today.

I undertake to make every effort to improve the capacity of the Banco de España to face the challenges addressed during the Parliamentary Committee hearing.

Ministers, as I am surrounded above all by colleagues, I trust you will allow me to continue in a more informal tone.