15  The FROB is also responsible for the management and future divestment of the State’s holdings – resulting from the government support provided during the crisis – in the capital of banks subject to restructuring plans. 10  budget, balance sheet and profit and loss account, which are submitted to Parliament via the Government. The Banco de España also regularly submits reports to Parliament, such as the Annual Report, the Institutional Report, the Report on Banking Supervision and the Report on Sanctioning Measures. Stipulated as part of this accountability before Parliament is the Governor’s appearance before the Economic Committee of the Congress of Deputies, to present the Annual Report prepared by our institution. This report provides a detailed assessment of developments in the Spanish economy and its main challenges. Likewise, the Governor of the Banco de España is expected to regularly appear before the Parliamentary and Senate Budget Committees to assess the content of the Draft State and Social Security Budget. Complementing these regular appearances, there have been occasional testimonies before various committees, such as the recent appearance before the Parliamentary Committee for the Social and Economic Reconstruction of Spain after COVID-19. In my opinion, this accountability mechanism should be reinforced with more regular appearances by the Governor before Parliament. Specifically, it may be appropriate for the Governor to appear periodically to present the Banco de España’s view of the economic situation, monetary policy and the financial system, and to report on the institution’s actions and plans within the various areas under its remit.
Under the provisions of Art. 10(2) of the Statute, two groups of countries have been formed at present according to the size of their economies and their financial sectors. The first group of five governors has four voting rights and the second group of 14 governors has 11 voting rights. 4  The unweighted qualified majority regime (two-thirds of the votes) is used in very specific cases such as that envisaged by Art. 14(4) of the Statute regarding the performance of functions by the NCBs which might interfere with the objectives and the tasks of the Eurosystem. Where decisions are adopted by weighted majority (Art. 10(3) of the Statute), the rotation of voting rights does not apply. In these cases, an alternate or substitute appointed for the meeting is allowed to vote, which is not permitted for other voting. The votes of the Executive Board have a weighting of zero. The weighted simple majority regime is envisaged for decisions on the subscription of capital and adjustments to shares (Art. 28 of the Statute), on the key for capital subscription (Art. 29 of the Statute) or on the allocation of monetary income to central banks (Art. 32 of the Statute) or of losses and net profits to central banks (Art. 33 of the Statute). Where decisions are adopted by weighted qualified majority, half of the shareholders (10) and two-thirds of the subscribed capital are needed. The type of decisions adopted using this regime are those affecting increases in and payments of capital of the ECB (Art.