Pablo Hernández de Cos: The Spanish banking system - transformations and challenges

Opening by Mr Pablo Hernández de Cos, Governor of the Bank of Spain, of the seminar "Sustainable finances and their importance in the future of the economy", Universidad Internacional Menéndez Pelayo, organised by the Spanish Association of Economics Journalists, Madrid, 17 June 2019.

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

Central bank speech  | 
16 July 2019
by Pablo Hernández de Cos
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  |  17 pages

Ladies and gentlemen, good morning:

It is an honour and a pleasure to be able to participate in the opening of this seminar, organised by the Spanish Association of Economics Journalists (APIE) as part of the Universidad Internacional Menéndez Pelayo's summer programme of seminars, being held, once again, on this Santander soil, of which I am so fond.

I should like to begin by recalling, here in this historic Magdalena palace, that 2019 is particularly rich in anniversaries relating to the opening up and liberalisation of the Spanish economy. The process began with the Stabilisation Plan 60 years ago, while one of the most important milestones was passed 20 years ago, when Spain adopted the single European currency, the euro.