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GBIC-response to the EU Commission's consultation on the statutory replacement of the three-month Swiss franc LIBOR

14 June 2021
The German Banking Industry Committee participated in the consultation process and expressly welcomes the initiative of the EU Commission. [ Read Article ]

GBIC comments on the European Commission's consultation on supervisory convergence and the single rulebook (ESA review 2021)

8 June 2021
In spring 2021, the European Commission launched a public consultation on the ESAs, which marks the start of the current ESA review. [ Read Article ]

GBIC comments on the requirements of Article 8 of the TaxonomyRegulation

7 June 2021
We welcome the transitional periods provided for by the European Commission, but see further scope for supporting the efficient implementation of the Taxonomy Regulation. [ Read Article ]

GBIC comments on EBA's Draft Implementing Standards on prudential disclosures on ESG risks in accordance with Article 449a CRR

2 June 2021
GBIC comments on EBA's Draft Implementing Standards on prudential disclosures on ESG risks in accordance with Article 449a CRR [ Read Article ]

Comments of the Association of German Banks on the new capital markets union action plan

12 May 2021
The Association of German Banks has warmly welcomed the capital markets union project from the outset. This paper sets out our comments on most of the measures announced in the action plan. [ Read Article ]

Same services, same risks, same rules - six principles for improving customer protection, competitive equality and financial stability

10 May 2021
Payment and financial services are currently undergoing an extensive process of digital transformation. We have identified six principles which will help to realise these economic and societal benefits. [ Read Article ]

GBIC comments on the Targeted consultation on the review of the Directive on settlement finality in payment and securities settlement systems

10 May 2021
GBIC argues to extend the protection of SFD to all relevant designated Systems. [ Read Article ]

Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements

28 April 2021
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. [ Read Article ]

GBIC comments on the consultation on the 2021 ex-ante SRF contributions calculation

30 March 2021
According to the German Banking Industry Committee (GBIC), the calculation procedure for the ex-ante contributions to the Single Resolution Fund still lacks transparency. [ Read Article ]

Promoting the Digital Sovereignty of Europe

24 March 2021
The digital sovereignty of Europe is a basic prerequisite for the European economy to maintain its innovativeness and therefore its competitiveness in the medium to long term. [ Read Article ]

Digital identities – steps on the path to an ID ecosystem

18 March 2021
Businesses must work together with government to achieve this goal of a flourishing ID ecosystem. [ Read Article ]

Strengthening Europe’s sovereignty

15 March 2021
The European Union faces the once-in-a-century task of asserting itself – as a community – politically, economically and socially in a world of global competition. [ Read Article ]

IOSCO Consultation on Market Data in the secondary Equity Markets

5 March 2021
The International Organization of Securities Commissions  (IOSCO) has consulted the market regarding the importance and challenges of market data. [ Read Article ]

Comments on the EBA Consultation Paper on Draft Implementing Technical Standards amending Commission Implementing Regulation (EU) 2016/2070 with regard to benchmarking of internal models

16 February 2021
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 regard to benchmarking of internal models. [ Read Article ]

Consultation about the EU-Regulation for Central Securities Depositories (CSDR)

8 February 2021
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. [ Read Article ]

Comments on EBA Discussion Paper on management and supervision of ESG risks for credit institutions and investment firms

5 February 2021
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 be … [ Read Article ]

On Draft Guidelines on sound remuneration policies under Directive 2013/36/EU

28 January 2021
On 27 January 2021 The German Banking Industry Committe submitted  comments regarding the EBA consultation on the revised guidelines on sound renumeration policies. [ Read Article ]

How the Banking Union can be strengthened in the short term

28 January 2021
In the European discussions on strengthening the Banking Union, a target similar to the U.S. FDIC has recently been increasingly postulated. [ Read Article ]

Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data

13 January 2021

ESMA invites comments on all matters in this consultation paper and in particular on the specific questions summarised in Annex I.

[ Read Article ]

Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data

13 January 2021
Die Europäische Wertpapier- und Marktaufsichtsbehörde ESMA hat die Finanzmarkteilnehmer zu den Erfahrungen mit der Bereitstellung von Finanzmarktdaten befragt. [ Read Article ]

Pilot Regime for market infrastructures based on DLT

12 January 2021
The Association of German Banks welcomes the European Commission’s intention to run pilot operations to identify what adjustments need to be made to existing EU regulation of services involving the issuance, safekeeping and asset servicing, trading and settlement of DLT … [ Read Article ]

ECB consultation on a digital euro from 12 October 2020

12 January 2021
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 determinations and has commented … [ Read Article ]

Comments on the FSB’s Discussion paper on Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships

8 January 2021
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. [ Read Article ]

Advancing a single digital European banking market

22 December 2020
Therefore, we have engaged with Copenhagen Economics to analyse the benefits of an integrated European banking market and what is currently preventing it as well as to identify initiatives that could make it happen. [ Read Article ]

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