Margarita Delgado: 50th anniversary of the UNAAC

Speech by Ms Margarita Delgado, Deputy Governor of the Bank of Spain, at the 50th anniversary of the UNACC (National Union of Credit Cooperatives), Madrid, 16 July 2020.

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

Good afternoon.

Thank you very much, Manuel. And my thanks also to Cristina for this invitation for me to speak to you today, on the 50th anniversary of the UNACC.

It is a shame that we have not been able to celebrate this anniversary as was originally planned. We are living through strange and difficult times, but we must adapt to them.

Yet despite this unique scenario, a 50th anniversary is an event well worth celebrating. Anniversaries, especially those which mark the passage of a decade, not least a half-century, are an ideal time to take stock of our achievements.

Undoubtedly during this period a great deal has been achieved, but if you will allow me, in my supervisory capacity, I would like to make some mention of those areas where we must continue to improve.