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This work assesses the influence of the model physics in present-day regional climate simulations. It is based on a multi-phyiscs ensemble of 30-year long MM5 hindcasted simulations performed over a complex and climatically heterogeneous domain as the Iberian Peninsula. The ensemble consists of eight members that results from combining different parametrization schemes for modeling the Planetary Boundary Layer, the cumulus and the microphysics processes. The analysis is made at the seasonal time scale and focuses on mean values and interannual variability of temperature and precipitation. The objectives are (1) to evaluate and characterize differences among the simulations attributable to changes in the physical options of the regional model, and (2) to identify the most suitable parametrization schemes and understand the underlying mechanisms causing that some schemes perform better …