Pablo Hernández de Cos

Pablo Hernández de Cos joined Bruegel as a Senior Fellow in September 2024 until June 2025. He is currently Chair of the Advisory Technical Committee of the European Systemic Risk Board (since 2019).

Hernández de Cos was Governor of the Banco de España and member of the Governing and General Council of the ECB from June 2018 up to June 2024. 

He was also Chair of the Basel Committee on Banking Supervision (BCBS) between 2019 and 2024 and a member of the General Board and the Steering Committee of the European Systemic Risk Board (ESRB) and of the Financial Stability Committee (FSB). In addition, he has chaired the Governing Board of the Center for Latin American Monetary Studies (CEMLA).

Previously, he was Director of Economics and Statistics and head of the Economic Policy Analysis Division at the Bank of Spain, and advisor to the ECB's executive board. He was a member of the Committee for the Reform of the Spanish Tax System in 2013.

He chaired the Eurosystem's Public Finance Working Group and was a member of the Economic and Financial Committee (EFC) and the Economic Policy Committee (EPC) of the European Union. 

He holds a PhD in Economics (Complutense University, Madrid), a degree in Economics and Business Studies (CUNEF) and a degree in Law (UNED). He has taught at University Carlos III of Madrid and Instituto de Empresa, and he’s currently a professor of economics at IESE Business school. 

His research interests are on financial stability, monetary and fiscal policy

Disclosure of interests

2024 Disclosure of interests