Jaime Caruana
Jaime Caruana | |
|---|---|
| Born | March 14, 1952 Valencia, Spain |
| Occupation | Economist |
| Years active | 1974–present |
| Known for | General Manager of the Bank for International Settlements (2009–2017); Governor of the Bank of Spain (2000–2006); Chair of the Basel Committee on Banking Supervision (2003–2006) |
Jaime Caruana (born 14 March 1952) is a Spanish economist who held the position of General Manager at the Bank for International Settlements from April 2009 until November 2017. Prior to this, he served as Governor of the Bank of Spain from July 2000 through July 2006.
Early life and education
Caruana was born in Valencia and earned a degree in telecommunications engineering from the Technical University of Madrid (UPM) in 1974.
Career
Caruana’s tenure as Governor of the Bank of Spain spanned six years, commencing on 21 July 2000 and concluding on 12 July 2006. During this period, he assumed the role of Chair of the Basel Committee on Banking Supervision starting in May 2003, where he guided the finalization of the updated Basel II framework in June 2004, gaining recognition from both regulatory authorities and financial institutions.
In August 2006, he transitioned to the International Monetary Fund (IMF) as counsellor and director of its newly established Monetary and Capital Markets Department, which concentrates on financial oversight. His successor at the Bank of Spain was Miguel Ángel Fernández Ordóñez, former Secretary of State for Commerce.
Caruana took office as General Manager of the BIS in April 2009. After serving five years, his appointment was renewed for an additional three-year term extending through 2017.
Other activities
- Board Member, Banco Bilbao Vizcaya Argentaria (since 2018)
- Participant, Group of Thirty