December 17 2021
GBIC comments on ESMA's Consultation on Amendments to MiFID II Requirements on Best Execution...
GBIC critically comments on ESMA's proposed amendments to the revision of MiFID II requirements on Best Execution Reports (RTS 27 / RTS 28). GBIC continues to be in favor of a general abolition of both reporting requirements. The data to be published...Mehr
November 29 2021
KPMG study shows: Commission ban would exclude broad sections of the population from investment...
Commission-based advice ensures that all sections of the population have access to qualified investment advice and can participate in the capital markets. A switch exclusively to fee-based advice, however, as it is currently demanded by some parties...Mehr
October 1 2021
DK Response to ESMA Consultation on the Draft of the new EMIR Reporting Guidelines
DK participated in the consultation on ESMA guidelines for EMIR reporting requirements. EMIR Refit aims to align the reporting standards with international standards and to harmonize with SFTR reporting. The aim is to increase the data quality of the...Mehr
September 30 2021
GBIC comments on EBA consultation paper on revised RTS on credit risk adjustments (EBA/CP/2021/25)
The GBIC advocates that newly created risk provisions should avoid a double burden on Common Equity Tier 1 capital.Mehr
September 28 2021
GBIC comments on the current EBA consultation on draft SREP guidelines and supervisory stress...
GBIC welcomes the decision to update the SREP Guidelines. We also agree with the overarching objectives, namely (a) to increase convergence of practices followed by competent authorities across the EU, and (b) to align the SREP Guidelines with other...Mehr
September 28 2021
GBIC welcomes proposal for an EU standard for green bonds – further revisions necessary
The German Banking Industry Committee welcomes the European Commission's proposal for an EU standard for green bonds. As part of the European Green Deal, it is of the utmost importance that the EU standard for green bonds is established in a...Mehr
September 24 2021
DK comments on EBA consultation paper on COREP and asset encumbrance reporting (EBA/CP/2021/24)
We welcome that, regardless of a threshold calculation, small and non-complex institutions (SNCIs) will be exempt from extended reporting requirements. However, in the light of the underlying objective to reduce supervisory costs using...Mehr
September 14 2021
GBIC comments on the regulatory treatment of cryptoassets
The GBIC has commented on a consultation of the Basel Committee on Banking Supervision on the regulatory treatment of crypto assets. From the point of view of the DK, a uniform global framework is required for the regulatory handling of crypto...Mehr
September 14 2021
Targeted consultation of the European Commission: GBIC rejects the introduction of an EU-wide data...
From the GBIC's point of view, there is already a high level of transparency on the secondary markets for non-performing loans (NPLs). The market participants know each other, their standards and particular expertise. If NPL are not sold, price...Mehr
September 2 2021
GBIC comments on EBA draft ITS on IRRBB disclosure (EBA/CP/2021/20)
GBIC understands EBA’s wish to implement the strengthening of supervisory convergence in Europe for interest rate risk exposures in the banking book (IRRBB) through its disclosure standards and the new IRRBB requirements, which are still expected....Mehr
September 2 2021
GBIC comments on the EBA discussion paper on the review of the NPL transaction data templates...
GBIC expressly supports the revision of the NPL transaction data templates with the aim of a simpler, more proportionate and more effective design in order to achieve a broader application and increase transparency in the NPL market. However, even...Mehr
August 4 2021
GBIC comments on a retail investment strategy for Europe
The German Banking Industry Committee has commented on the EU draft of a "Retail Investment Strategy" and, among other things, has spoken out against a possible ban on inducements.Mehr
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...Mehr
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...Mehr
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...Mehr
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...Mehr
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...Mehr
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...Mehr