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    Pablo Hernández de Cos to Lead Bank for International Settlements Starting July

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    Starting from July 1, ex-Bank of Spain Governor, Pablo Hernández de Cos, will serve as the new general manager of the Bank for International Settlements (BIS), succeeding Agustín Carstens. Known for his work in digital currencies and his role in shaping 2022’s global crypto-banking rules, Hernández de Cos will be focusing on managing BIS operations, including its engagement in digital currency projects. The BIS Board of Directors has also confirmed François Villeroy de Galhau will continue as chair, while Tiff Macklem will lead the BIS Consultative Council for the Americas from January.

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    Get ready to meet the new boss in town! Starting July 1, ES Pablo Hernández de Cos, previously the Bank of Spain Governor, will take over as the general manager of the big-time Bank for International Settlements, stepping in for Agustín Carstens.

    Hernández de Cos is no stranger to digital currency – he’s been urging the European Central Bank to put some elbow grease into their digital euro, and even helped shape the crypto banking rules worldwide in 2022.

    In his new role, he’ll have his hands full managing the operations of the BIS, which is often called the “central bank of central banks”. These guys have been pretty involved in the crypto scene, collaborating with various central banks on projects related to digital currency issued by central banks (AKA CBDCs). They’re aiming to make cross-border payments smoother, boost privacy and even championed for a unified ledger.

    In 2022, Hernández de Cos suggested that a digital euro could shake things up in terms of payment innovation. And as chair of the Basel Committee on Banking Supervision, he had a hand in finalizing international crypto-banking regulations.

    The BIS Board of Directors, who oversee the bank’s management and strategic direction, also decided to keep François Villeroy de Galhau, the Bank of France Governor, as their chair. Meanwhile, Tiff Macklem from the Bank of Canada will start his new gig as the chair of the BIS Consultative Council for the Americas in January.

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