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Press-Releases

August 21 2019

German Banking Industry Committee supports transitional period for strong customer authentication of...

GBIC stated against the backdrop of today’s announcement by the BaFin of transitional arrangements for the authentication of online card payments that banks have almost completed their preparations for the implementation of strong customer...

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Comments

August 8 2019

GBIC Comments on Consultative Document: Consolidated Basel Framework (BCBS 462)

DK comments on the Basel Consultation Paper on the Consolidated Framework.

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Comments

July 3 2019

EFRAG consultation on Equity Instruments – Research on Measurement

EFRAG has published a questionnaire to explore alternative accounting treatments for long-term equity instruments under IFRS. The German Banking Industry Committee does no see a need at present to discuss this topic resp. for changes to IFRS 9. It...

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Comments

June 17 2019

IASB Exposure Draft ED/2019/1 Bechmark Reform

IASB proposes changes to IAS 39 and IFRS 9 due to possible effects of the IBOR reform. GBIC basically agrees with the proposals but advocates also for reliefs concerning retrospective effectiveness testing and dynamic hedging according to IAS 39.

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Comments

May 24 2019

Comments on the draft EBA Guidelines on Credit Risk Mitigation within the A-IRB

The German Banking Industry Committee (GBIC) has commented on the draft EBA Guidelines on Credit Risk Mitigation for institutions applying the IRB Approach with own estimates of LGDs.

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Press-Releases

May 23 2019

Italian-German Dialogue on Financial Services: a 10-point agenda from FeBAF and DK

The 10-point agenda was discussed today during the 4th round of the Italian-German Dialogue on Financial Services between the Italian Banking Insurance and Finance Federation (FeBAF, to whom 13 financial associations in Italy adhere) and the DK (...

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Press-Releases

April 16 2019

German Banking Industry Committee: EU banking package major contribution to stabilising European...

The European Parliament today adopted the so-called ‘banking package’ broadly amending cornerstones of banking regulation.

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Press-Releases

March 14 2019

MiFID II is driving customers away from the capital markets

The German Banking Industry Committee (GBIC) has studied the impact of the European Markets in Financial Instruments Directive (MiFID II). Professor Stephan Paul of Ruhr University Bochum interviewed around 3,000 customers and over 150 banks in...

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Comments

March 13 2019

Comments on Revisions to leverage ratio disclosure requirements

The Basel Committee’s additional leverage ratio disclosure requirements are designed to reflect its concerns about “window-dressing”. The Basel Committee would like to see averaged values disclosed on the basis of values calculated daily. In the view...

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Comments

January 30 2019

DK comments on EBA’s Consultation Paper on Draft ITS amending Commission Implementing Regulation...

DK comments on the above-mentioned EBA consultation paper. The EBA changes the ITS requirements in both the credit risk and market risk areas. The exercise is relevant for institutions with IRB models or IMA models (market risk models) in Pillar I.

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Comments

December 21 2018

Comments on Commission proposal on a DELEGATED REGULATION supplementing Regulation (EU) 2017/1129

Comments on Commission proposal on a DELEGATED REGULATION supplementing Regulation (EU) 2017/1129 as regards the format, content, scrutiny and approval of the prospectus and repealing Commission Regulation (EC) No 809/2004 ...

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Press-Releases

December 6 2018

GBIC calls for leaner and more effective rules on non-performing loans

The German Banking Industry Committee sees room for improvement regarding the resolution adopted today by the European Parliament’s Committee on Economic and Monetary Affairs on what is referred to as the prudential provisioning mechanism ...

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Press-Releases

December 3 2018

Agreement reached on the EU Banking Package on the finishing straight

The German Banking Industry Committee welcomes the fact that the negotiations on what is referred to as the “Banking Package” have recently gained significant depth and momentum and that an important agreement on key issues has been reached at...

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Comments

November 28 2018

Comments on Draft Implementing Standards amending Implementing Regulation with regard to FINREP

We generally welcome the principle of proportionality in the additional reporting obligations for non-performing exposures (NPEs) which is reflected by the separation according to Module 1 and 2. That being said, we believe that it is possible to...

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Comments

November 7 2018

GBIC-Comments on the ECB guide to internal models - risk-type-specific chapters

The German Banking Industry Committee (GBIC) has commented on the draft ECB guide to internal models – Risk-type-specific chapters issued for public consultation on 7 September 2018.

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Comments

November 5 2018

Position Paper on the Proposal of the European Commission for a Directive on representative actions

Accompanying the draft report of the committee on Legal Affairs of the European Parliament (JURI) of 12 October 2018 the German Banking Industry Committee (GBIC) outlines core requirements on the introduction of European representative actions. In...

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Comments

September 25 2018

Comments on Draft EBA Guidelines on Outsourcing

On 22 June 2018, the EBA published a consultation paper on its Guidelines on Outsourcing arrangements (EBA/CP/2018/11). The German Banking Industry Committee (GBIC) appreciates the opportunity to comment. The GBIC believes that the obligations for...

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Comments

August 30 2018

Comments on the European Commission’s Proposal for a Regulation on sovereign bond-backed securities

The European Commission (COM) published a proposal for a “Regulation of the European Parliament and of the Council on sovereign bond-backed securities” for consultation on 24 May 2018. We appreciate the opportunity to submit our comments.

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