General information > What’s the Deposit Guarantee Fund (Fondo de Garantía de Depósitos)? > Governing bodies

Governing bodies

The FGD's most senior governing body is its Management Committee, which comprises representatives of Banco de España, the Ministry of Economy, Trade and Companies, the Ministry of Finance and representatives of the three Spanish banking associations. The Deputy Governor of Banco de España chairs the Management Committee.

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Did you know…… who makes decisions in the FGD?

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Frequently asked questions (FAQs)

We answer the most frequently asked questions from our users

Frequently asked questions (FAQs)
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Composition of the Deposit Guarantee Fund of Credit Institutions Management Committee

(Drawn up in accordance with Royal Decree-Law 16/2011 of 14 October)

Bank of Spain

Financial institutions

Ministry

President

Ms. Margarita Delgado Tejero

Deputy Governor, Banco de España

Vicepresident

Ms. Paula Conthe Calvo

Secretary of the Treasury and International Funds

Secretary

Mr. Francisco Javier Priego Pérez

Secretary General, Banco de España

Member

Mr. Pablo Arellano Pardo

General State Comptroller

Member

Mr. José Doncel Razola


Banco Santander, S.A.

Member

Mr. Xabier Egibar Gainza


Caja Laboral Popular, S. Coop. de Crédito (UNACC)

Member

Mr. Pello Xabier 
Belausteguigoitia Mateache


Banco Bilbao Vizcaya Argentaria, S.A. (AEB)

Member

Mr. José María Méndez Álvarez-Cedrón


Cecabank, S.A. (CECA)

Member

Ms. Mercedes Olano Librán

Director General of Supervision, Banco de España

Member

Mr. Ángel Estrada García

Director General for Financial Stability, Regulation and Resolution, Banco de España

Member

Mr. Isidro Fainé Casas

Spanish Confederation of Savings Banks (CECA)

Management Committee organisation chart

Organigrama Comisión Gestora

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The FGD is governed and run by a Management Committee comprising 11 members, four appointed by the Banco de España (the Spanish central bank), one representative from the Ministry of Economy, Trade and Companies, one from the Ministry of Finance and Public Administration and five from the various associations representing the member credit institutions.

Banco de España representatives are appointed by the central bank’s Executive Committee. One such appointee is the Deputy Governor, who chairs the Management Committee.

The representative of the Ministry of Economy, Trade and Companies is the Secretary General of the Treasury and International Finance, who is the Vice President of the Management Committee and acts as President if that office is vacant or in the event of absence or illness of the President.

The representative of the Ministry of Finance is the General State Comptroller.

Meanwhile, the representatives of the member institutions are appointed as follows: three by the Spanish banking associations, one by the savings banks and one by the Spanish association of credit cooperatives, in accordance with applicable law and regulations.

Management team

  • President: Ms. Margarita Delgado Tejero
  • Director General: Mr. José Luis Ballesteros Corrales
  • Chief Financial Officer and Chief Administrative Officer: Mr. Francisco de Fernando Sousa
  • Head of International Affairs and Regulatory Policy: Mr. José María Fernández Real
  • Legal Director: Ms. Ana Lillo Cervantes

Management team organisation chart

Management team organisation chart

Management team organisation chart

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Purpose

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Financial means of the FGD

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FGD membership

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