Margarita Delgado: Opening address of the 19th Conference of the Risk Management Club

Opening address by Ms Margarita Delgado, Deputy Governor of the Bank of Spain, at the Club de Gestión de Riesgos de España, 27 November 2020.

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

Introduction

Many thanks to the Risk Management Club for their kind invitation to open this annual conference.

We are now into its nineteenth edition that, inevitably, will focus on the new challenges in the aftermath of COVID-19. The title of this conference refers to the "new world" that will be awaiting us after overcoming the crisis caused by the pandemic. Needless to say, we all wish that this happens as soon as possible.

It may seem a little excessive to talk of a "new world" after the pandemic, but I believe to some extent it will be. We should remember that crises are periods of change, in which what is established is called into question.