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Pablo Hernández de Cos

Institution · Person

Pablo Hernández de Cos is the General Manager of the BIS, succeeding Agustín Carstens. His agenda-setting speeches across late 2025 and early 2026 have framed the BIS view on stablecoins, fiscal-financial spillovers, central bank mandates, and the broader institutional response to digital finance. The 20 April 2026 "Stablecoins: framing the debate" speech at a Bank of Japan seminar in Tokyo is the most recent set-piece on stablecoins from the General Manager's office and immediately preceded his bilateral meeting with FSA Japan Minister Katayama. For tokenisation readers, his speech cadence is the place to watch for shifts in BIS framing before they appear in standard-setter text.

Recent activity

21 Apr 2026Meets FSA Minister Katayama in Tokyo (FSA notice).
20 Apr 2026"Stablecoins: framing the debate" at Bank of Japan seminar, Tokyo.
4 Mar 2026"Streamlining financial regulation while safeguarding stability and tackling new risks" at International Center for Monetary and Banking Studies, Geneva.
9 Feb 2026Statement on François Villeroy de Galhau stepping down as BIS Board Chair.
28 Jan 2026"Fulfilling the mandates of central banks in a changing world" at CEU San Pablo University Madrid.
27 Nov 2025"Fiscal threats in a changing global financial system" at LSE.
26 Aug 2025"Delivering on central bank mandates in a changing world" at Bank of Mexico 100th Anniversary Conference.