Director of Financial Stability at the Bank of Spain resigns for personal reasons

Sources at the Bank of Spain say his reasons for leaving are personal. In particular, according to financial sources, this is due to health conditions that do not allow him to continue to occupy a position with such characteristics. A few days ago it presented its latest financial stability report.

Estrada, 58, has a degree in economics and business administration from the Complutense University of Madrid and a master’s degree in economics and finance from Cemfi. He spent most of his career at the Bank of Spain, although he was also an adviser to José Luis Rodríguez Zapatero and worked at the Ministry of Economy and Finance.

He rose to his current position in 2020 under the leadership of Pablo Hernandez de Cos

former governor. He is highly respected within the Bank of Spain and is also valued in the financial sector; In addition, interviewed sources also note his didactic work on financial stability behind the closed doors of the supervisory agency.

Estrada’s resignation is the second at the top management of the Bank of Spain, although in this case it has nothing to do with the arrival of a new governor. Jose Luis Escrive

Toindicate the sources you consulted. The first of these departures was Director General of Services and Personnel Alejandro Alvarez, who left his post after he was deemed inadequate by the new organizational structure created by the governor.