Pablo Hernandez de Cos: A Modern Approach to Banking
Bank officials devise monetary policies and manage the nation's currency reserves.
Starting July 2025, Pablo Hernandez de Cos will take the reins as the Director General of the prestigious Bank for International Settlements (BIS) in Basel. This shift marks the conclusion of a 250-year-old tradition at the Spanish central bank, as the 53-year-old breaks away from the conventional practice of immortalizing departing presidents on oil paintings. Instead, you'll find a snapshot of him on the walls of the central bank's grand Madrid headquarters.
A Contemporary Central Banker
Pablo Hernandez de Cos, born on January 20, 1971, is an accomplished Spanish economist and monetary policymaker. He has served as the 70th governor of the Bank of Spain since 2018 and boasts an impressive resume of roles within international financial organizations. His upcoming position at the BIS will see him oversee global financial stability, coordinating central banks' efforts in managing financial risks - including those brought about by technological advancements such as AI.
As the incoming General Manager, Hernandez de Cos has a pivotal role to play in shaping the BIS's strategy for addressing global financial challenges and fostering international cooperation among central banks. His experience with numerous international organizations, including the Financial Stability Board, European Central Bank, and the European Systemic Risk Board, positions him well to take on this challenge. If his tenure as the chair of the Basel Committee on Banking Supervision is anything to go by, Hernandez de Cos is no stranger to matters regarding financial regulation and stability.
In short, Pablo Hernandez de Cos is set to bring a modern perspective to the world of central banking, leading the way in navigating the intricacies of the global financial landscape.
- In July 2025, Pablo Hernandez de Cos, born on January 20, 1971, will lead as the Director General of the Bank for International Settlements (BIS), marking an end to a 250-year-old tradition.
- As a contemporary central banker, he will oversee global financial stability, coordinating central banks' efforts to manage risks associated with technological advancements like AI, in his position at the BIS.
- Pablo Hernandez de Cos, an accomplished Spanish economist and monetary policymaker, brings rich experience from international financial organizations such as the Financial Stability Board, European Central Bank, and the European Systemic Risk Board.
- His strategic role will involve shaping the BIS's approach to global financial challenges and fostering international cooperation among central banks, based on his experience serving as the chair of the Basel Committee on Banking Supervision.
