Economics

Spain’s De Cos to Chair European Systemic Risk Board Panel

Spanish Governor will head ESRB’s Advisory Technical Committee
De Cos also leads Basel Committee on Banking Supervision

Pablo Hernandez de Cos
Photographer: David Paul Morris/Bloomberg

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By Jeannette Neumann

July 4, 2019 at 10:08 AM UTC

Updated on

July 4, 2019 at 10:15 AM UTC

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Bank of Spain Governor Pablo Hernandez de Cos has been appointed to chair the European Systemic Risk Board’s Advisory Technical Committee.

The ESRB, headed by European Central Bank President Mario Draghi, is responsible for warning of systemic risk in Europe’s financial system and proposing solutions. The technical committee provides advice to the board, and the chairmanship was previously held by Philip Lane who last month moved to the ECB’s Executive Board.