Governor of the Bank of Spain
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.
| Governor of the Bank of Spain | |
|---|---|
| Gobernador del Banco de España | |
Incumbent Pablo Hernández de Cos since 11 June 2018 | |
| Bank of Spain | |
| Member of | Governing Council of the European Central Bank |
| Reports to | Government of Spain Cortes Generales |
| Nominator | Prime Minister after informing Congress |
| Appointer | Monarch countersigned by the Prime Minister |
| Term length | 6 years, not renewable |
| Constituting instrument | Bank of Spain Act of 1856 |
| Precursor | Governor of the Bank of San Fernando |
| Formation | January 28, 1856 |
| First holder | Ramón de Santillán |
| Deputy | Deputy Governor of the Bank of Spain |
| Website | www.bde.es |
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.
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