Francisco González, chairman of Spanish bank BBVA, has called for a single European financial regulator to manage the risks of cross-border banking and criticised greedy executives for focusing on their bonuses rather than the long-term future of their institutions. González – whose bank has climbed into the world’s top 10 by market cap during the crisis – said in an FT.com video interview that global banks and global markets required global regulation. While impossible for now, single regulators and supervisors were ultimately needed in the US and in Europe, and “probably should be very close to or even inside the European Central Bank,” he said.