Carlos San Basilio emphasizes the need for resources to strengthen the CNMV.

In his first appearance before the Economy and Digital Transformation Commission of the Congress of Deputies, Carlos San Basilio, the candidate proposed by the government to lead the National Securities Market Commission (CNMV), emphasized the urgent need to equip the agency with both technical and human resources. This request is fundamental for the CNMV to effectively fulfill the responsibilities assigned to it, especially in a financial environment that requires constant adaptations. San Basilio stated that one of the biggest challenges he will face upon taking office is "the necessary adaptation of the institution to the demands of its mandate," which requires a comprehensive approach to human resource management. While he praised the professionalism of the current CNMV staff, he also noted the limitations imposed by the existing management framework. For him, improving this aspect is crucial, and he acknowledges the efforts of his predecessors in advancing this area. In his intervention, the candidate emphasized that it is not only about increasing the number of employees but also about ensuring gender equality and the suitability of skills in emerging areas such as digitalization. He highlighted the importance of keeping employees motivated, where working conditions play a fundamental role. This comprehensive approach could be key to attracting and retaining talent in a constantly evolving sector. San Basilio also addressed the primary objectives of the CNMV, which focus on investor protection and facilitating access to financial resources for entrepreneurs. According to his assessment, significant progress has been made in investor protection, but there is still a long way to go in channeling resources toward innovation and entrepreneurship, both in Spain and at the European level. Another crucial aspect he highlighted was the need for a regulatory framework that can adapt swiftly to market needs. For San Basilio, constant communication between the CNMV and the Congressional Commission is essential to ensure that this process is carried out effectively and transparently. He committed to maintaining this fluid communication if confirmed in his position, emphasizing the importance of guarantees in any regulatory adjustments. Digitalization has become a central theme in many sectors, and the financial world is no exception. San Basilio specifically mentioned the importance of addressing issues such as crypto-assets and cybersecurity, as well as the need to promote sustainable finance and financial education. These elements are not only relevant for regulation but are also crucial for the development of a modern and accessible financial market. San Basilio's vision for the CNMV is complemented by that of Paloma Marín, candidate for vice president of the agency, who also highlighted the attraction and retention of talent as one of the most relevant priorities. Marín stressed that the supervisor must prepare to face not only current challenges but also those that will arise in the future, such as artificial intelligence and environmental sustainability. Both candidates have agreed on the need to promote transparency and accountability within the agency. This approach is not only crucial for gaining public trust but is also essential for financial stability, a goal that the CNMV must pursue vigorously. In conclusion, Carlos San Basilio's appearance before Congress highlights the importance of reinforcing the CNMV with the appropriate resources to face a constantly changing financial environment. Continuous collaboration with Congress, adaptation to new market realities, and commitment to equality and sustainability are aspects that will define his future mandate and, if approved, could have a significant impact on the development of the securities market in Spain.