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It is a great pleasure for me to have the opportunity to share with you some reflections on the topic chosen for this conference, alongside my friend and CEO of CECA, José Antonio Olavarrieta, and alongside Emilio Ontiveros and Carlos Arenillas, who will enlighten us with their presentations on THE SPANISH FINANCIAL SYSTEM IN THE FACE OF THE ECONOMIC CRISIS and SUPERVISION AND REGULATION INSTRUMENTS IN THE CURRENT SCENARIO, respectively.