Juan-Carlos García-Céspedes is the Director of Capital Measurement in BBVA since 2011. His responsibilities include: -Regulatory Capital measurement. -Analysis of the regulatory capital evolution, RWA’s evolution, capital ratios evolution -New Regulatory Capital proposals: analysis and monitoring -BBVA’s responsible for regulatory stress test exercises. He started his career in the Market Risk Department in Argentaria in 1994, where he was also Director of Risk Adjusted Return from 1997 to 1999. Then he was part of Risk Department of BBVA from 2000 to 2011, assuming responsibilities such as Director of Corporate Risk Methodologies (2000-2008), and Director of Global Risk Management (2009-2011). Juan Carlos holds an Industrial engineering degree of the University of Navarra, and an MBA from University of Deusto. He also has a Postgraduate degree in Financial Economics at CEMFI (Centro de Estudios Monetarios y Financieros). He has published working papers about multifactor models for credit risk measurement* and he also teaches Financial Risks in different Master Programs.