Press releases / Comments

August 14 2023

On June 28th 2023, the European Commission published its legislative proposal for a digital Euro. While more technical aspects have been discussed so far, fundamental questions must now be answered.

February 28 2022

The German Banking Industry Committee commented on EU Commission’s consultation on an EU Listing Act on February 11, 2022.

June 17 2019

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.

April 16 2019

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

December 21 2018

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 ...

November 28 2018

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...

May 25 2018

EFRAG has published a discussion paper where alternative rules for accounting of equity instruments according to IFRS 9 (FV-OCI) are discussed ...

March 9 2018

The German Banking Industry Committee (GBIC) comments the Key financial information in the summary on ESMA’s Response form for the Consultation Paper on draft RTS under the new Prospectus Regulation ...

November 30 2016

The German Banking Industry Committee (GBIC) welcomes it that, under the new German presidency, the G20 aims to further strengthen the resilience of economies and financial markets in 2017 as well.

November 25 2016

ECB published the Draft AnaCredit Reporting Manual Part II Datasets and Data Attributes.

November 4 2016

The report by Esther de Lange, MEP and member of the European People’s Party, on the European Deposit Insurance Scheme is basically a step in the right direction in the view of the German Banking Industry Committee (GBIC). GBIC welcomes the fact that...

October 26 2016

In July 2016, the European Banking Authority (EBA) issued draft guidelines for consultation on the treatment of connected clients under the large exposures regime. The objective is to revise the CEBS guidelines, which were published in 2011, in the...

October 25 2016

In July 2016, the EBA (European Banking Authority) issued draft guidelines on credit risk management practices and accounting for expected losses.

September 15 2016

The member associations of the German Banking Industry Committee (GBIC) warn that the ongoing Basel IV negotiations could place German banks at a considerable disadvantage.

September 6 2016

The large exposure rules are currently being revised at European level. Firstly, the large exposures framework published by the Basel Committee on Banking Supervision in April 2014 is to be implemented and, secondly, the European Commission is...

August 17 2016

AnaCredit is a project to set up a dataset containing detailed information on individual bank loans in the euro area, harmonised across all Member States. The data collection is scheduled to start in September 2018. In view of the large number of...

July 4 2016

In the area of supervisory reporting, there are already requirements in form of the EBA ITS on supervisory reporting on forbearance and non-performing exposures implemented at European level by Commission Implementing Regulation (EU) 680/2014, in...

February 25 2016

A leverage ratio will not make the financial system more stable. On the contrary, an inflexible instrument of this kind sets dangerous perverse incentives. This is the conclusion of a new expert opinion commissioned by the member associations of the...