GBIC Comments on RTS on groups of connected clients

12 September 2022
GBIC is commenting EBA’s draft RTS on groups of connected clients. [ Read Article ]

Benchmark Regulation – EU Commission’s consultation on third-country benchmarks

6 September 2022
With the introduction of the Benchmark Regulation (BMR), provisions for the use of benchmarks from third-country administrators (third-country benchmarks) have also been introduced. [ Read Article ]

Minimum Social Safeguards of the EU Taxonomy

6 September 2022
The EU Platform on Sustainable Finance consulted its draft report on the Taxonomy’s minimum social safeguards. The German Banking Industry Committee provided comments to the consultation. [ Read Article ]

European Sustainability Reporting Standard

9 August 2022
A European Sustainability Reporting Standard ist currently being developed in the context of the Corporate Sustainability Reporting Directive (CSRD). The initial exposure drafts were published by the European Financial Reporting Advisory Group (EFRAG). The German Banking Industry Committee provided comprehensive … [ Read Article ]

Comments on the call for evidence on an open finance framework

3 August 2022
The German Banking Industry Committee (GBIC) welcomes the opportunity to respond to the call for evidence on the European Commission’s open finance framework initiative. [ Read Article ]

EBA discussion paper on the role of environmental risk in the prudential framework

27 July 2022
The German Banking Industry Committee (GBIC) provided comments on the European Banking Authority’s discussion paper on the role of environmental risk in the prudential framework. In particular, the GBIC advocates for a risk-based approach. [ Read Article ]

FSB report on supervisory and regulatory approaches to climate-related risks: GBIC response

30 June 2022
GBIC response on the FSB interim report on climate-related risks. [ Read Article ]

GBIC comments on the targeted consultation on the digital euro

14 June 2022
The German Banking Industry Committee (GBIC) commented on the European Commission’s consultation on a digital euro. [ Read Article ]

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

19 May 2022
This review should take into account the regulatory initiatives of the last years. A holistic approach is needed. [ Read Article ]

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

13 May 2022
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 and … [ Read Article ]

Position Paper on the EU Regulatory Framework for Artificial Intelligence

11 May 2022
In April 2021, the European Commission presented its proposal for regulating artificial intelligence (AI). This proposal is also crucially important to the German economy. [ Read Article ]

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

27 April 2022
The German Banking Industry Committee (GBIC) submitted their responses to the consultation paper published by the European Securities and Markets Authority (ESMA). [ Read Article ]

European Single Access Point

7 April 2022
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. [ Read Article ]

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

28 March 2022
GBIC has submitted comments on three EBA consultation papers on interest rate risk in the banking book (IRRBB). [ Read Article ]

GBIC-comments on the EU-COM proposal on the banking package 2021 regarding the implementation of final Basel III rules

24 March 2022
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, 2021. However, … [ Read Article ]

Statement of the German Banking Industry Committee on the European Banking Authority's Draft Guidelines on the use of Remote Customer Onboarding Solutions

18 March 2022
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. [ Read Article ]

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

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

Comments of the German Banking Industry Committee (GBIC) on the review of the Mortgage Credit Directive - public consultation and call for evidence

28 February 2022
The German Banking Industry Committee (GBIC) has contributed to the public consultation and the call for evidence by the European Commission. [ Read Article ]

GBIC comments on machine learning for IRB Models

14 February 2022

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 …

[ Read Article ]

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

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

GBIC comments on ESMA's Consultation on Amendments to MiFID II Requirements on Best Execution Reports (RTS 27 / RTS 28)

17 December 2021
GBIC critically comments on ESMA's proposed amendments to the revision of MiFID II requirements on Best Execution Reports (RTS 27 / RTS 28). [ Read Article ]

Data economy – we need a new cross-sector data framework

2 December 2021
The Association of German Banks believes the first step should be to establish a European legal framework that enables data to be exchanged across different businesses and industries and that takes a differentiated approach. [ Read Article ]

KPMG study shows: Commission ban would exclude broad sections of the population from investment advice

29 November 2021
Commission-based advice ensures that all sections of the population have access to qualified investment advice and can participate in the capital markets. [ Read Article ]

Sustainable finance report of private banks 2021

25 October 2021
The years 2020 and 2021 have shown that sustainability and climate change are the burning issues of our time and have had an impact on the financial sector for some time now. Sustainable finance, the transformation to a carbon-neutral economy, … [ Read Article ]

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