Management

The Fund for Orderly Bank Restructuring will be governed and managed by a Governing Committee composed of 8 members appointed by the Minister for the Economy and Finance:

  • Five of whom will be proposed by the Banco de España.
  • One in representation of each Deposit Guarantee Fund.

A representative of the General Comptroller Department of the State Administration will also attend the meetings of the Governing Committee and will have the right to speak but not to vote. He will be appointed by the Minister for the Economy and Treasury at the proposal of the General Comptroller.

One of the members appointed at the proposal of the Banco de España will be its Deputy Governor, who will chair the Governing Committee.

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