Jaime Caruana

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

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

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)).