Bank of Spain Urges Financial Entities to Build Internal AI Capabilities for Climate Risk Management

The Bank of Spain (Spanish central bank and banking supervisor) has issued guidance encouraging financial entities to develop internal artificial intelligence capabilities to manage climate-related risks. The supervisor emphasizes the importance of validating AI results, documenting underlying assumptions, and avoiding uncritical applications of AI technology.

Spanish Investment Firm Tressis Maintains Moderate Optimism on Global Equities, Favours US Markets

Tressis, a Spanish securities company, published its investment perspective for the coming months, expressing moderate optimism about global equities with a preference for US stocks. The firm maintains a neutral stance on European, Japanese and emerging market equities, while remaining bullish on Spanish stocks and the banking sector as a beneficiary of artificial intelligence developments. The company plans to use market corrections to invest in gold and prefers fixed income positions with durations of 3-5 years.

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