Santiago Fernández de Lis

BBVA Regulation - Head of Regulation

Santiago Fernández de Lis was Head of Financial Systems and Regulation at BBVA Research. Since January 2019 he moved to Regulation and Internal Control, in the Regulation unit.

He is also Chairman of the Banking Stakeholders Group of the European Banking Authority (EBA).

From2007 to 2011 he was partner and Director of the International Department of Afi, a consultancy and think tank.

He joined the Banco de España in 1986, where he held several management positions, among them Head of the Monetary and Financial Division and Director of the International Department (2001-2007)

Between 1998 and 2000 he worked in the Bank for International Settlements (BIS) in Basel, in the secretariat of the Committee of the Global Financial System (CGFS).

He is an economist from Universidad Autónoma de Madrid and he was a lecturer in Universidad Carlos III (Madrid).

He is the author of several papers and publications on financial stability, financial regulation, monetary policy, international economics and central banking.

Latest publications

JM3 - Financial Regulation: Weekly Update. Nov 12, 2021

November 16, 2021

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

Central Bank Digital Currencies and Distributed Ledger Technology

November 5, 2019

The debate on Central Bank Digital Currencies (CBDCs) was triggered by the emergence of cryptocurrencies like Bitcoin on the one hand, which may compete with traditional central bank money, and the trend towards the disappearance of cash in some countries on the other hand.

Central Bank digital currencies: features, options, pros and cons

March 7, 2019

The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.