Governor of the Bank of Spain

Governor of the Bank of Spain
Gobernador del Banco de España
Incumbent
Pablo Hernández de Cos
since 11 June 2018 (2018-06-11)
Bank of Spain
Member ofGoverning Council of the European Central Bank
Reports toGovernment of Spain
Cortes Generales
NominatorPrime Minister
after informing Congress
AppointerMonarch
countersigned by the Prime Minister
Term length6 years, not renewable
Constituting instrumentBank of Spain Act of 1856
PrecursorGovernor of the Bank of San Fernando
FormationJanuary 28, 1856 (1856-01-28)
First holderRamón de Santillán
DeputyDeputy Governor of the Bank of Spain
Websitewww.bde.es

The Governor of the Bank of Spain (Spanish: Gobernador del Banco de España) is the head of the Bank of Spain, the central bank of the Kingdom of Spain. The Bank of Spain is integrated in the European System of Central Banks and, as such, the Governor is an ex officio member of the Governing Council of the European Central Bank.

The Governor is appointed by the executive branch and it reports to both Government and Parliament. To ensure its independence, the governor has a term of six years, with no possibility of renewal. Further, the governor cannot be fired except for exceptional cases.

The current and 70th governor is Pablo Hernández de Cos, whose appointment was official on May 31 and he assumed the office on June 11, 2018.[1]

  1. ^ "Spain names Hernandez de Cos as new central bank chief". Reuters. 2018-05-28. Retrieved 2019-12-06.

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