Jaime Caruana
Jaime Caruana is a Spanish economist. He served as the General Manager of the Bank for International Settlements from 1 April 2009 to 30 November 2017. He was also the Governor of the Bank of Spain from July 2000 to July 2006.Biography
Caruana was born in Valencia, and graduated in telecommunications engineering from the Technical University of Madrid in 1974. He served a six-year term as Bank of Spain Governor, beginning 21 July 2000 and ending in 12 July 2006. Currently he is a member of the influential Washington-based financial advisory body, the Group of Thirty He was also chairman of the Basel Committee on Banking Supervision since May, 2003. Caruana took over the Basel II project at a difficult time, and won respect and praise from both regulators and the financial services industry for ultimately delivering the revised accord in June 2004. In August 2006, Jaime Caruana was appointed to the International Monetary Fund by Rodrigo de Rato, as counsellor and director of the Monetary and Capital Markets Department, a new financial, capital and regulatory department.
He was succeeded at the Bank of Spain by former secretary of State for Commerce, Miguel Ángel Fernández Ordóñez.
