Our President, Alejandra Kindelán, presents the Federico Prades Award in its 3rd edition to economist José Abad for his analysis on "The use of banks' capital buffers: the role of market expectations". This is a highly valuable contribution to the sector, as it analyses the causes of the limited use of capital buffers during the economic crisis caused by the pandemic and introduces the market expectations component into banks' decision-making process regarding the application of these buffers.
