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...
MehrDecember 17 2020
Draft Delegated Regulation establishing technical screening criteria for the first two environmental...
The German Banking Industry Committee (GBIC) participated in the public consultation of the European Commission on its draft Delegated Regulation establishing technical screening criteria for the first two environmental objectives of the EU Taxonomy...
MehrJune 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.
MehrMay 25 2018
EFRAG Discussion Paper Equity instruments – Impairment and Recycling
EFRAG has published a discussion paper where alternative rules for accounting of equity instruments according to IFRS 9 (FV-OCI) are discussed ...
MehrDecember 2 2016
EU regulatory framework for benchmarks
The European Securities and Markets Authority ESMA consulted on technical standards under the Benchmarks Regulation. The German Banking Industry Committee contributed to the process and sent its comments to ESMA.
MehrOctober 25 2016
EBA guidelines to expected credit lossess
In July 2016, the EBA (European Banking Authority) issued draft guidelines on credit risk management practices and accounting for expected losses.
MehrSeptember 1 2016
Comments on the European Commission proposal for a directive amending the Fourth Anti-Money...
The German Banking Industry Committee (GBIC) would like to take the reopened debate on creation of an optimal anti-money laundering and counter-terrorist financing (AML/CFT) framework as an opportunity to input its own experience and ideas.
MehrJune 3 2016
Comments on Consultative Document on Standardised Measurement Approach for Operational Risk (BCBS...
In autumn 2015, the BCBS announced that it would withdraw the AMA for operational risk. It stated that the rationale for dropping the AMA would be explained in the BCBS’s new consultative document. In our view, however, the consultative document does...
MehrApril 10 2013
Comments by the German Banking Industry Committee on the Exposure Draft "Classification and...
With this Exposure Draft, the IASB has picked up on various points of criticism regarding the already finalised IFRS 9 (2009/2010). The key change is the proposed introduction of the FVTOCI category. The IASB has stated that such a category would...
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