The governor of the Bank of Spain, José Luis Escrivá, stated this Thursday that within the framework of the new strategic plan that will be ready in spring, will reinforce the workforce, requiring more human resources. “We have 12% of the capital of the Eurosystem, but we do not go beyond 5% of the employees. Although they are excellent, they are very stressed and have difficulty keeping up with other Eurosystem banks that have more resources,” he noted during his first intervention in the Congress of Deputies as governor of the financial entity.
According to the data provided, the Bank of Spain has just over 3,400 employeeshalf that of the Bank of Italy and much lower than the Bank of France and the German Bundesbank. In its staff reinforcement plans, the institution will focus on strengthening technological profiles to promote innovation and the use of data. “We need to transform internally and strengthen talent in some areas and in technology,” Escrivá said.
Just yesterday the Bank of Spain and the unions represented in the entity “unanimously” signed the collective agreement almost two years late and when it is about to expire. The unlocking took place in recent weeks, practically coinciding with the change at the top of the bank.
From the organization they point out that the Bank of Spain is the central bank of the Eurosystem that has the expenditure furthest from what would correspond to it due to its weight in capital. “This makes us the most efficient central bank, but limits our ability to respond to the challenges we face,” he said.
More transparency
After receiving criticism for going from being a minister to directing an independent body, Escrivá insisted that under his mandate the Bank of Spain will have to be “accountable” and “transparent”. “It is perfectly compatible to be independent and advise a Government, but we have not developed it sufficiently. This generates some lack of concreteness,” he admitted, recognizing the need to deepen the analysis of the Spanish economy and to improve projections, being more transparent. and explaining exactly how they are done. digital euro
While reviewing the various functions of the institution, with respect to payment systems, Escrivá celebrated the success of Bizum in Spain, a payment system that has 27 million users, “something that almost does not exist in other European countries “.
Among the main challenges in the international arena, the development of the digital euro. “A project that began in January 2020 and in which we have been progressing progressively. “It is important that it goes forward,” he stated, although he acknowledged some discrepancies between the European Parliament and the ECB in its design.
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