Colloquium ‘How to Know and Control Real Estate Risk in Investment and Financing’

Artificial Intelligence and Smart Data are the keys to controlling real estate risk in investment and financing in the financial sector.

Veltis Rating, TECNALIA, Grupo Lar, and Grupo Tecnitasa held the colloquium “How to Know and Control Real Estate Risk in Investment and Financing” on April 9 in Madrid. An event where particular attention was paid to Artificial Intelligence and Smart Data, two indisputable elements in the reduction of financial risks in the real estate sector.

During the day, three round tables were held, divided into different themes. Our colleague M.ª Paz Navarro, Head of Regulation, Interbank Services, and Cooperative Projects at CECA, participated in the round table discussing climate risks and their impact on Banking, moderated by Efrén Feliú, Head of Climate Change Adaptation at TECNALIA.

The round table, which analyzed the importance of climate risk in the financial sector, was comprised of the following financial sector experts:

• Juan Carlos Delrieu, Head of the Presidency Cabinet and Director of Strategy and Analysis at the Spanish Banking Association.
• M.ª Paz Navarro, Head of Regulation, Interbank Services, and Cooperative Projects at CECA.
• Mónica Prado, Head of Risk and Sustainability Policies at Kutxabank.

For her part, M.ª Paz Navarro, Head of Regulation, Interbank Services, and Cooperative Projects at CECA, stated that CECA’s objectives are aligned with ESG criteria: ‘CECA and its member entities maintain a strong commitment to sustainable finance, which is reflected in our ESG cooperation projects, through which we seek to provide an effective, unified response based on coordination with regulators and supervisors to the methodological challenges posed by the implementation of regulation and best practices.’

Additionally, she emphasized the need for collaboration among entities of all types of nature to achieve the common objectives of the 2030 Agenda: ‘To achieve effective implementation of sustainability, public-private collaboration is necessary, along with the development of a roadmap of regulatory and supervisory requirements so that entities can transition from tactical actions to strategic compliance with the 2030 Agenda.’