Business View

The Council of Ministers, proposed by the Governor of the Bank of Spain, Luis Maria Linde, today approved the appointment of Fernando Lozano as the new Deputy Governor Restoy the supervisory body.

This was announced today the Deputy Prime Minister, Soraya Saenz de Santamaria, who stressed that Restoy is an economist “high prestige” and was adviser to the Bank of Spain, which since 2008 held the position of vice president of the National Mercado de Valores (CNMV).

“These appointments, the governor’s last week-and the Deputy Governor of the Bank of Spain fall into two persons of great experience, from a technical, professional and proven independence,” said the vice president.

In addition, Saenz de Santamaria stressed that “this will accomplish something that is valued from the Government, which is the recovery of consensus between the two main parties” to name the main office of an institution “as important as the Bank of Spain “.

“These two appointments of two people with a large and recognized competence in this sector, which has coincided the agreement of the two major parties, and that is the best way to recover the prestige of such an important institution in this country,” said.

The vice president also explained that before the vacancy occurred with the appointment of Linde as governor, it was necessary to fill the position he left as director of the agency, a position he has fallen on Maximino Carpio Garcia, professor of economics and director of the Department of Economics and Public Finance at the “Universidad Autonoma de Madrid”.

“Some appointments, with which is on time and the leadership of an institution that is central to economic times, financial, and that Spain is living,” concluded the vice president.

According to the reference of the Council of Ministers, Restoy, born in 1961 in Madrid, has a degree in Economics from the Complutense University, Doctor and Master in Economics from Harvard University and a Masters in Economics, Mathematics and Econometrics from the London School of Economics.

It has also been an economic adviser and head of the Instrumentation Section of Monetary Policy in the European Monetary Institute and Head of Unit for Financial Studies Research Department at the Bank of Spain, where he was deputy director of the Department for Monetary and Financial and head of the Division of European Affairs and International Economics.