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June 14 2022

GBIC comments on the targeted consultation on the digital euro

The German Banking Industry Committee (GBIC) commented on the European Commission’s consultation on a digital euro.

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May 19 2022

GBIC comments on the targeted consultation on improving the EU’s macroprudential framework for the...

This review should take into account the regulatory initiatives of the last years. A holistic approach is needed.

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May 13 2022

Comments of the German Banking Industry Committee on the European Data Act proposal

The German Banking Industry Committee (GBIC) welcomes the objective pursued by the proposal for a European Data Act, namely to establish a horizontal legal framework to facilitate the access to data for, and the exchange of data between, consumers...

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May 11 2022

Position Paper on the EU Regulatory Framework for Artificial Intelligence

In April 2021, the European Commission presented its proposal for regulating artificial intelligence (AI). This proposal is also crucially important to the German economy.

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April 27 2022

ESMA Consultation on the „Guidelines on certain aspects of the MiFID II suitability requirements“

The German Banking Industry Committee (GBIC) submitted their responses to the consultation paper published by the European Securities and Markets Authority (ESMA).

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April 7 2022

European Single Access Point

We are generally in favour of standardised, uniform and database-based reporting which is readable for both humans and machines. We also welcome the associated aims, especially that of creating comparability across businesses.

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March 28 2022

GBIC comments on EBA consultations on interest rate risk in the banking book

GBIC has submitted comments on three EBA consultation papers on interest rate risk in the banking book (IRRBB).

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March 24 2022

GBIC-comments on the EU-COM proposal on the banking package 2021 regarding the implementation of...

The German Banking Industry Committee (GBIC) has submitted its comments on the banking package 2021 (CRR, CRD) in the context of the European Commission's "Have your say". In principle, GBIC welcomes the legislative proposal published on October 27,...

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March 18 2022

Statement of the German Banking Industry Committee on the European Banking Authority's Draft...

On 9 March 2022, the German Banking Industry Committee (GBIC) commented on the public consultation of the European Banking Authority's (EBA) Draft Guidelines on the use of Remote Customer Onboarding Solutions.

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February 28 2022

Comments of the German Banking Industry Committee on EU-Listing-Act

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

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February 28 2022

Comments of the German Banking Industry Committee (GBIC) on the review of the Mortgage Credit...

The German Banking Industry Committee (GBIC) has contributed to the public consultation and the call for evidence by the European Commission.

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February 14 2022

GBIC comments on machine learning for IRB Models

The GBIC has commented on a consultation of the European Banking Authority on machine learning for IRB models. In general, the GBIC would like to note that the algorithms underlying ML models and the data used are not per se more complex than in...

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January 31 2022

Comments Review of the regulatory framework for investment firms and market operators (MiFIR)

On 31 January 2022, GBIC commented on the EU Commission's proposal for an amended Regulation on markets in financial instruments (MiFIR).

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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...

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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...

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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...

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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.

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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...

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