Press releases

May 15 2025

EU Commission’s Retail Investment Strategy: Good approach – but misses the mark

The EU Commission’s inadequate simplification proposals will fail to reverse the trend.

February 26 2025

EU Omnibus Package: ESG regulations must be simpler and better

The European Commission today introduced its Omnibus package to simplify ESG regulations. The German Banking Industry Committee (GBIC) has already put forward proposals on how to make the rulebook more efficient and have more of a controlling effect.

February 13 2025

EU Open Finance Plans: no withdrawal now – instead a careful review and substantial improvements?

The German Banking Industry Committee (GBIC) calls for a comprehensive and careful review of the European Commission’s proposal for a Regulation on a Framework for Financial Data Access (FiDA).

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May 15 2025

EU Commission proposals to simplify the RIS – bolder steps or withdrawal required

This means there is finally more of a focus on the original aim of the RIS, which was to encourage more retail investors to invest in the capital market.

April 17 2025

EBA Guideline on ESG Szenario Analyse

The EBA has consulted on guidelines on ESG scenario analyses, which supplement the guidelines on ESG risk management. The EBA sets out the expectations for ESG scenario analyses. The aim is for institutions to test their resilience to the negative...

April 15 2025

IDW BFA 2 n.F. - Accounting for financial instruments in the trading portfolio at institutions

For the German Banking Industry Committe, it is not entirely clear why the revision is being made at this time. The draft references the regulations of the CRR or supervisory requirements regarding market risk/FRTB. In mid-2025, the European...

About us

The German Banking Industry Committee (GBIC) is the voice of the leading German banking-sector associations. These are the National Association of German Cooperative Banks (BVR), the Association of German Banks (BdB), the Association of German Public Banks (VÖB), the German Savings Banks Association (DSGV), and the Association of German Pfandbrief Banks (vdp).
 

GBIC superseded the Zentraler Kreditausschuss (ZKA) in August 2011, carrying on the latter’s work. GBIC develops common banking-industry positions on issues relating to banking law, banking policy and banking practice. These cover, in particular, supervisory, securities and tax legislation. GBIC also drafts standardised rules for the payments sector, including card payment schemes. 

The German Banking Industry Committee (GBIC) is the voice of the leading German banking-sector associations. These are the National Association of German Cooperative Banks (BVR), the Association of German Banks (BdB), the Association of German Public Banks (VÖB), the German Savings Banks Association (DSGV), and the Association of German Pfandbrief Banks (vdp).
 

GBIC superseded the Zentraler Kreditausschuss (ZKA) in August 2011, carrying on the latter’s work. GBIC develops common banking-industry positions on issues relating to banking law, banking policy and banking practice. These cover, in particular, supervisory, securities and tax legislation. GBIC also drafts standardised rules for the payments sector, including card payment schemes. 

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