Good morning to everyone. It is my pleasure to welcome you all to the conference: “The new bank provisioning standards: implementation challenges and financial stability implications", hosted by the Banco de España and co-organised with the BIS Financial Stability Institute and CEMFI.
Let me first thank these two institutions for their participation and active involvement in the conference. The invaluable work and expertise of the FSI and the ever-necessary academic rigour provided by CEMFI combine perfectly with the Banco de España’s long-dated experience in banking supervision and create the sufficient conditions for this event to be a fruitful one. These three elements should be the ideal ingredients to ensure a promising and, hopefully, successful conference.
