Spain, Portugal central banks meet banks on digital euro, AI
The Bank of Spain and Banco de Portugal held a high-level bilateral meeting in Madrid, including discussions with top banking executives. The central banks addressed topics such as the digital euro, AI, regulatory simplification, and financial stability.
Digital euro and AI in focus
The meeting, presided over by Governors José Luis Escrivá of the Bank of Spain and Álvaro Santos Pereira of Banco de Portugal, included top executives from leading financial institutions in both countries.
Discussions with banking leaders covered the sector's outlook, regulatory and supervisory simplification efforts, and the future of payment systems.
A significant portion of the agenda was dedicated to the digital euro and the risks and opportunities presented by emerging technologies such as Artificial Intelligence and quantum computing.
This engagement underscores the central banks' commitment to understanding and addressing the evolving landscape of the financial sector in collaboration with key industry players.
Deepening bilateral cooperation
Beyond the discussions with commercial banks, the management teams of the Bank of Spain and Banco de Portugal held dedicated bilateral sessions.
These meetings continued the cooperative efforts established in previous encounters, focusing on several key areas.
These included an in-depth analysis of economic integration between Spain and Portugal, joint projects in international cooperation, and technical analyses concerning new technologies and financial stability.
This high-level gathering is part of a commitment made in February in Lisbon to hold quarterly meetings, aiming to reinforce the strong relationship and mutual interests between the two institutions.