José Luis Escrivá, Governor of the Banco de España, on 29 September 2026 at the 17th Financial Meeting in Madrid warned of risks in the housing market market. In his closing conversation at the conference organised by Expansión and KPMG , he highlighted the possible side effects of rapid or poorly coordinated government intervention in rental and housing matters. Such measures could undermine supply, financing and investment appetite, thereby counteracting the intended relief.
Escrivá set out his assessment in the context of financial stability. He stressed the importance of resilient banks, careful risk monitoring and a clear macroprudential perspective, while interest-rate and market movements continue to create uncertainty. The central bank governor’s comments are intended to align political and regulatory decisions with the supervisory authorities’ stability objectives. Direct quotations vary across live reports; this text summarises the points on which they agree.
The two-day event took place on 28 and 29 September 2026 at the Auditorio Rafael del Pino and had the theme “Adapting to move forward: resilience and transformation in the new financial environment”. It brought together senior executives from major institutions, representatives of supervisory authorities and industry associations. Discussions covered the effects of interest-rate developments on lending and profitability, the state of technological transformation and regulatory direction.
From an industry perspective, attention is focused above all on credit trends and the quality of collateral. In volatile markets, forward-looking capital and liquidity buffers become more important to absorb shocks from interest-rate and property cycles. Escrivá’s comments on housing policy connect with this: interventions should not weaken supply or financing channels if they are to sustainably curb rises in prices and rents.
For Spanish economic policy, the governor’s intervention on a prominent industry platform is significant because it signals the supervisory authorities’ expectations of lawmakers and the executive. In practice, this means that regulatory changes in housing and banking supervision requirements are likely to be discussed in closer coordination to avoid unintended feedback effects.
Escrivá’s participation and the subject matter are documented in the central bank’s agenda; information from the organisers and reports by national media agree on the main points. Statements by individual bank executives about business prospects were recorded separately and are not part of this summary of the central bank’s perspective.
Editor: Daniel Mayer (Article created with AI assistance).