bank of spain

This page was last edited on 15 September 2020, at 13:49. List of banks operating in Spain including business focus, customer rating and total assets. It did so after renaming itself Banco Español de San Fernando because the name of the king was They must be Spanish citizens recognized for their competence in economics or law. Following the Napoleonic invasion of Spain during the peninsular war between 1808 and 1813, the bank was owed more than 300 million reales by the state, placing it in financial difficulty. The Bank of Spain (Spanish: Banco de España) is the central bank of Spain. Since 4 November 2014 the Single Supervisory Mechanism is in charge of the supervision of the Spanish credit institutions as well as those from the rest of the Eurozone members. Top banks in Spain include: Banco Santander.

Established in Madrid in 1782 by Charles III, today the bank is a member of the European System of Central Banks and is also Spain's national competent authority for banking supervision within the Single Supervisory Mechanism. The Deputy Governor substitutes for the Governor in cases of vacancy, absence or illness, both as director of the Bank and as its representative. Contact

Its activity is regulated by the Bank of Spain Autonomy Act. Continuous supervision of financial institutions, with receipt and analysis of periodic information and on-site inspections. When a new Governor is named, the Minister of Economy and Finance, in accord with procedure established by the Congress of Deputies, informs the competent parliamentary commission. The directors general of the Bank attend the meetings of the Executive Commission, with voice but without vote. It operates throughout Spain, with a universal banking business model based on multi-channel management and specialized in serving individuals and businesses. Fernando VII

Following the restoration of democracy in the late 1970s, the bank began a series of transformations and modernisations which continue to today. Conducting currency exchange operations consistent with the provisions of Article 109 of the Treaty on European Union, and holding and managing the State's official currency reserves; Promoting the sound working of payment systems in the euro area; The holding and management of currency and precious metal reserves not transferred to the European Central Bank; The promotion of the sound working and stability of the financial system and, without prejudice to the functions of the ECB, of national payment systems; The supervision of the solvency and compliance with specific rules of credit institutions, other entities and financial markets, for which it has been assigned supervisory responsibility, in accordance with current provisions; Circulating coins and performing on the State's behalf all functions entrusted to it in this connection; Preparing and publishing data relating to its functions, and assisting the ECB in compiling statistical information; Providing treasury services and acting as financial agent for government debt; Advising the government, preparing appropriate reports and studies as required. The Deputy Governor, designated by the national Government on the recommendation of the Governor of the Bank, should meet all of the official qualifications for the governorship.
The supervision model is based on four elements: In 1946, the government of General Franco placed the bank under tight control. At the Banco de España only, until 31 December 2020.
The supervision model is based on four elements: This sections offers information on the Spanish supervisory framework and the regulations or criteria for supervision, among other information.

In 1936, 510 tonnes of gold reserves were transferred to the Soviet Union (in an event known as Moscow gold) corresponding to 72.6% of the total gold reserves of the Bank of Spain.

Since 2000, the Spanish banking group’s been expanding through many acquisitions. The Bank of Spain (Spanish: Banco de España) is the central bank of Spain. Although it aided the state, the bank was initially owned privately by stockholders. The current Governor is Pablo Hernández de Cos. The current Deputy Governor of the Bank of Spain is Margarita Delgado. This is a list of banks in Spain.

Documents and clippings about Bank of Spain, First Vice President of the Government of Spain, Second Vice President of the Government of Spain, Third Vice President of the Government of Spain, Fourth Vice President of the Government of Spain, Ministry of Foreign Affairs, European Union and Cooperation, Ministry of Transports, Mobility and Urban Agenda, Ministry of Education and Vocational Training, Ministry of Agriculture, Fisheries and Food, Ministry of the Presidency, Relations with the Cortes and Democratic Memory, Ministry of Territorial Policy and Civil Service, Ministry for the Ecological Transition and Demographic Challenge, Ministry of Economic Affairs and Digital Transformation, Ministry of Social Rights and 2030 Agenda, Ministry of Inclusion, Social Security and Migration, Agencia Española de Cooperación Internacional para el Desarrollo, Agencia Nacional de la Evaluación de la Calidad y Acreditación, Spanish Aviation Safety and Security Agency, Agencia Estatal de Evaluación de las Políticas Públicas y la Calidad de los Servicios, Intelligence Center for Counter-Terrorism and Organized Crime, Spanish Agency of Medicines and Medical Devices, Spanish Agency for Food Safety and Nutrition, International Bank for Reconstruction and Development, International Centre for Settlement of Investment Disputes, Central banks and currencies of Asia-Pacific, Central banks and currencies of the Caribbean, Central banks and currencies of Central America and South America, https://en.wikipedia.org/w/index.php?title=Bank_of_Spain&oldid=978533960, Financial regulatory authorities of Spain, Companies based in the Community of Madrid, Articles containing Spanish-language text, Articles with Spanish-language sources (es), Wikipedia articles with CANTIC identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. Carlos Marichal, "Banco de San Carlos (Spain)", Earl Hamilton, "Plans for a National Bank in Spain, 1701–1783" in, Economic and Monetary Union of the European Union, "Banco de España – About us – Organisation – Organisation chart". General Economics, Statistics and Research, General Financial Stability, Regulation and Resolution, General Operations, Markets and Payments Systems.

Construction of the bank's headquarters building began in 1884 at the crossing of the Calle de Alcalá and the Paseo del Prado in Madrid. The European Central Bank, led by Christine Lagarde, … [3][4] Its first director was French banker François Cabarrus, known in Spain as Francisco Cabarrús.[5]. The Minister of Economy and Finance or the Secretario de Estado de Economía ("Secretary of State for the Economy" [?]) A disciplinary and sanctioning system which covers institutions and their directors. Memorandums of Understanding on supervisory matters, Primary public financial statements of credit institutions, Interchange fees and merchant service charges, State regulations on the supervision and solvency of credit institutions, State regulations on the sanctions system. The Secretary of the Bank functions as secretary of the Executive Commission, but without voice or vote. The Bank of Spain still exists but many functions have been taken over by the ECB. It operates across Europe, South America, North America, and Asia. On Spain's entry into the Economic and Monetary Union of the European Union in 1994, the Banco de España became a member of the European System of Central Banks. Originally named the Banco Nacional de San Carlos, it was founded in 1782 by Charles III in Madrid, to stabilize government finances through its state bonds (vales reales) following the American Revolutionary War in which Spain gave military and financial support to the Thirteen Colonies. At the Banco de España only, until 31 December 2020. The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. Direct the Bank and preside over the Governing Council and Executive Commission; Take primary responsibility for the Bank's lawfully fulfilling its responsibilities. Further responsibilities of this office are a matter internal to the Bank, and are delegated by the Governor. The Governor has ultimate responsibility authorizing bank contracts and other legal documents and for representing the Bank at justice tribunals; Represent the Bank in international institutional dealings; Function as a member of the Governing Council of the Bank and as a member of the General Council of the European System of Central Banks. Bankia is a spanish bank that is included in the Ibex 35. Effective and prudent regulation, with rules for accessing and carrying out the activity. Under the guidance of Ramón Santillán in the 1850s, the bank extended its operations to the cities of Alicante and Valencia and took the name, Banco de España.

That gold remained there during the Spanish Civil War. Six Bank Counsellors are named by the national Government, on the proposal of the Minister of Economy and Finance, with the involvement of the Governor of the Bank. The Bank of Spain holds 8,84% of the ECB's capital.

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