Jaime Caruana, governor of the Bank of Spain, demonstrates his mastery of the detail of Basel II and the Stability Pact to Karina Robinson. I have been in this business too long. Two hours flew by as I questioned Jaime Caruana, governor of the Bank of Spain and chairman of the Basel Committee on Banking Supervision, on the intricacies of thenew capital accord, the detail of Spain’s economic miracle and the level of the euro.