The BBVA tab Gonzalez-Paramo as regulatory counsel
Be responsible for relations with European authorities
El BBVA ficha a González-Páramo como consejero de regulación
Será responsable de las relaciones con autoridades europeas
Íñigo de Barrón Madrid 29 MAY 2013 - 21:04 CET
The BBVA tab Gonzalez-Paramo as regulatory counsel
Be responsible for relations with European authorities
Barron Inigo Madrid 29 MAY 2013 - 21:04 CET
José Manuel González-Páramo (Madrid, 1958), the former member of the executive committee of the European Central Bank (ECB) has been signed by BBVA. Under the chairmanship of Francisco González has announced today that it will incorporate the group as executive director responsible for regulation. Paramo, who will report directly to Gonzalez, also chairman of the international advisory board of the group, newly created.
The ECB-exconsejero proposed by Rodrigo Rato when he was finance minister, will be responsible for relations with the European banking authorities, now that is developing a banking union. This is a world that is very familiar because Paramo was in Frankfurt from June 2004 until May 2012, just a year ago, the period of incompatibility. Páramo was also on the governing council and the executive committee of the Bank of Spain between 1998 and mid-2006. He ran for governor of the Bank of Spain, since it held for the election of Luis Linde. Not considered to be a man close to Economy Minister Luis de Guindos.
BBVA The note, we emphasize that boasts "over 30 years of experience in the academic and financial public and private institutions." The arrival of Jose Manuel Gonzalez-Paramo strengthens the group in an environment in which regulation is increasingly important, "said Francisco González, chairman of BBVA. "I want to deeply thank Enrique Medina his dedication to the Board of BBVA and enormous generosity, who resigned as the oldest director". Medina left the board since it is composed of 14 members, the maximum.
Enrique Medina, and board member of the Standing Committee since 1998, will continue as a director of BBVA Bancomer and as patron of the BBVA Foundation.
It has always been strong defender of orthodoxy ECB and called the governments austerity, more capital into banks (even at the cost of suppressing the dividend) and deep labor reform and falling wages for Spain. In October 2011, said that "the strange thing is that with 22% unemployment a country not rise socially." He is Professor of Economics at the Complutense of Madrid since 1988.
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