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
April 28 2021
Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements
At the End of January 2021 the European Securities and Markets Authority (ESMA) published draft Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements and opened a consultation process. GBIC has commented on the...Mehr
March 30 2021
GBIC comments on the consultation on the 2021 ex-ante SRF contributions calculation
According to the German Banking Industry Committee (GBIC), the calculation procedure for the ex-ante contributions to the Single Resolution Fund still lacks transparency.Mehr
March 5 2021
IOSCO Consultation on Market Data in the secondary Equity Markets
The International Organization of Securities Commissions (IOSCO) has consulted the market regarding the importance and challenges of market data. GBIC has underpinned the importance of market data in its opinion. Market data must be available at a...Mehr
February 16 2021
Comments on the EBA Consultation Paper on Draft Implementing Technical Standards amending Commission...
On 15 February 2021 The German Banking Industry Committe submitted comments regarding the EBA consultation on the on the EBA Consultation Paper on Draft Implementing Technical Standards amending Commission Implementing Regulation (EU) 2016/2070 with...Mehr
February 8 2021
Consultation about the EU-Regulation for Central Securities Depositories (CSDR)
The EU-Commission has started a consultation about the EU-Regulation for Central Securities Depositories (CSDR). The regulation is also relevant for banks. GBIC has handed in its opinion regarding scope and settlement discipline.Mehr
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...Mehr
January 28 2021
On Draft Guidelines on sound remuneration policies under Directive 2013/36/EU
On 27 January 2021 The German Banking Industry Committe submitted comments regarding the EBA consultation on the revised guidelines on sound renumeration policies. The EBA review takes into account the amendments introduced by the fifth Capital...Mehr
January 28 2021
How the Banking Union can be strengthened in the short term
In the European discussions on strengthening the Banking Union, a target similar to the U.S. FDIC has recently been increasingly postulated. The German Banking Industry Committee criticises this target and supports a strengthening of structures that...Mehr
January 13 2021
Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data
Die Europäische Wertpapier- und Marktaufsichtsbehörde ESMA hat die Finanzmarkteilnehmer zu den Erfahrungen mit der Bereitstellung von Finanzmarktdaten befragt. Zugleich wurden Leitlinien zur einheitlichen Umsetzung der entsprechenden MiFID-Vorgaben...Mehr
January 12 2021
ECB consultation on a digital euro from 12 October 2020
Depending on its design, the introduction of a digital euro by the Eurosystem has the potential to change the geometry of the European banking system fundamentally. The German Banking Industry Committee is therefore discussing the ECB's...Mehr
January 8 2021
Comments on the FSB’s Discussion paper on Regulatory and Supervisory Issues Relating to Outsourcing...
The FSB is taking up an increasingly important topic for the financial industry, addressing not only the risks involved, but also the advantages that can be associated with outsourcing for institutions.Mehr
December 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...Mehr
December 14 2020
EBA consultation paper on the draft revised Guidelines on major incident reporting under PSD2
The German Banking Industry Committee (GBIC) has issued its comments to the public consultation of the European Banking Authority (EBA) to he draft revised Guidelines on major incident reporting under PSD2.Mehr