Grisi (Santander) pide una regulación que estimule el crédito para atacar la crisis de la vivienda

Banco Santander's chief executive, Hector Grisi, has called for regulations to boost credit and liberalize land to tackle Spain's housing crisis. He stresses that insufficient supply, rather than limited demand, is the root of the problem, and the only long-term solution is to expand the housing supply. Grisi referenced Argentina and Mexico as examples where policies led to limited access to housing, with mortgage ratios to GDP now below other Latin American nations.

He warns that Europe's major risk is chronic low growth. Grisi believes Spain is relatively better positioned than its European peers, having grown three times the eurozone in the past three years. However, he notes Spain's business investment is still below that of other European nations and cautions against assuming current growth methods will suffice in the future.

Grisi discussed several elements that will shape corporate management agenda, including geopolitics, which forces companies to understand their dependencies and avoid single-source reliance. He cited Santander's global position in this regard. Grisi also highlighted the importance of scale, stating that in many sectors, size and globalization are no longer aspirations, but prerequisites for competition.

He warned that if we don't seek new opportunities, others will come after our markets. Grisi emphasized the importance of using artificial intelligence not just to streamline processes, improve customer service, and mitigate risks, but also to drive growth, create new services, and reach customers in new ways for additional revenue.

Lastly, he pointed out talent as a major bottleneck, stating that forming and preparing our workforce will be as crucial as investing in new technology.