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July 5 2021

German Banking Industry Committee presents policy paper on “digital euro”

ECB needs to think beyond digital cash   In a policy paper, the German Banking Industry Committee (GBIC) for the first time sets out detailed thoughts on the design of a “digital euro”. In this paper, experts from Germany’s five national...

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June 14 2021

GBIC-response to the EU Commission's consultation on the statutory replacement of the three-month...

On 5 March 2021, the Financial Conduct Authority (FCA) announced the discontinuation of CHF, GBP, JPY, EUR and certain USD LIBOR benchmarks at the end of 2021. The EU Commission then initiated a consultation procedure and is now examining whether the...

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June 8 2021

GBIC comments on the European Commission's consultation on supervisory convergence and the single...

In spring 2021, the European Commission launched a public consultation on the ESAs, which marks the start of the current ESA review. The regular ESA reviews provide an opportunity to assess and to improve on the regulatory framework as well as the...

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June 7 2021

GBIC comments on the requirements of Article 8 of the TaxonomyRegulation

The requirements of the Delegated Act are very extensive and appear to be too complex and impracticable, including in light of the level of detail. We welcome the transitional periods provided for by the European Commission, but see further scope for...

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June 2 2021

GBIC comments on EBA's Draft Implementing Standards on prudential disclosures on ESG risks in...

In its current version, the level of detail of the information required for the green asset ratio is very high. Moreover,  GBIC considers the duplicate disclosure of templates in two external reports by the institutions to be superfluous (templates 8...

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May 10 2021

GBIC comments on the Targeted consultation on the review of the Directive on settlement finality in...

The Commission reviews how Member States apply the Settlement Finality Directive to their domestic institutions which participate directly in systems governed by the law of a third country and to collateral security provided in connection with...

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April 28 2021

Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements

At the End of January 2021 the European Securities and Markets Authority (ESMA) published draft Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements and opened a consultation process. GBIC has commented on the...

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March 30 2021

GBIC comments on the consultation on the 2021 ex-ante SRF contributions calculation

According to the German Banking Industry Committee (GBIC), the calculation procedure for the ex-ante contributions to the Single Resolution Fund still lacks transparency.

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March 5 2021

IOSCO Consultation on Market Data in the secondary Equity Markets

The International Organization of Securities Commissions  (IOSCO) has consulted the market regarding the importance and challenges of market data. GBIC has underpinned the importance of market data in its opinion. Market data must be available at a...

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February 16 2021

Comments on the EBA Consultation Paper on Draft Implementing Technical Standards amending Commission...

On 15 February 2021 The German Banking Industry Committe submitted  comments regarding the EBA consultation on the on the EBA Consultation Paper on Draft Implementing Technical Standards amending Commission Implementing Regulation (EU) 2016/2070 with...

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Press-Releases

February 16 2021

Covid-19: the Italian Banking Association and the German Banking Industry Committee propose more...

Shaping the Banking Union, refocussing on a fair regulatory approach towards the implementation of Basel III in the EU and adapting the treatment of non-performing loans (NPLs) in light of the current economic scenario, : these are the requests the...

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February 8 2021

Consultation about the EU-Regulation for Central Securities Depositories (CSDR)

The EU-Commission has started a consultation about the EU-Regulation for Central Securities Depositories (CSDR). The regulation is also relevant for banks. GBIC has handed in its opinion regarding scope and settlement discipline.

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February 5 2021

Comments on EBA Discussion Paper on management and supervision of ESG risks for credit institutions...

GBIC welcomes, in general, EBA's commitment to establish a unified European framework with uniform definitions regarding the topic of ESG. From the point of view of GBIC, the principle of proportionality as a fundamental principle in Pillar II should...

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Press-Releases

January 29 2021

German Banking Industry Committee urges “prudent” discussion when revising the EU rules on crisis...

On 26 January 2021, the EU Commission launched the announced consultation on the revision of the crisis management and deposit insurance framework. In November 2020, the EU Commission had already stated that it would present proposals for the...

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January 28 2021

On Draft Guidelines on sound remuneration policies under Directive 2013/36/EU

On 27 January 2021 The German Banking Industry Committe submitted  comments regarding the EBA consultation on the revised guidelines on sound renumeration policies. The EBA review takes into account the amendments introduced by the fifth Capital...

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January 28 2021

How the Banking Union can be strengthened in the short term

In the European discussions on strengthening the Banking Union, a target similar to the U.S. FDIC has recently been increasingly postulated. The German Banking Industry Committee criticises this target and supports a strengthening of structures that...

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January 13 2021

Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data

Die Europäische Wertpapier- und Marktaufsichtsbehörde ESMA hat die Finanzmarkteilnehmer zu den Erfahrungen mit der Bereitstellung von Finanzmarktdaten befragt. Zugleich wurden Leitlinien zur einheitlichen Umsetzung der entsprechenden MiFID-Vorgaben...

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January 12 2021

ECB consultation on a digital euro from 12 October 2020

Depending on its design, the introduction of a digital euro by the Eurosystem has the potential to change the geometry of the European banking system fundamentally. The German Banking Industry Committee is therefore discussing the ECB's...

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