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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 ]

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 ]

DK Response to ESMA Consultation on the Draft of the new EMIR Reporting Guidelines

1 October 2021
DK participated in the consultation on ESMA guidelines for EMIR reporting requirements. [ Read Article ]

GBIC comments on EBA consultation paper on revised RTS on credit risk adjustments (EBA/CP/2021/25)

30 September 2021
The GBIC advocates that newly created risk provisions should avoid a double burden on Common Equity Tier 1 capital. [ Read Article ]

GBIC comments on the current EBA consultation on draft SREP guidelines and supervisory stress testing (EBA/CP/2021/26)

28 September 2021
GBIC welcomes the decision to update the SREP Guidelines. [ Read Article ]

GBIC welcomes proposal for an EU standard for green bonds – further revisions necessary

28 September 2021
GBIC welcomes proposal for an EU standard for green bonds – further revisions necessary [ Read Article ]

DK comments on EBA consultation paper on COREP and asset encumbrance reporting (EBA/CP/2021/24)

24 September 2021
We welcome that, regardless of a threshold calculation, small and non-complex institutions (SNCIs) will be exempt from extended reporting requirements. [ Read Article ]

Position paper areas requiring action to make better use of cloud technology

23 September 2021
Digitisation has been a key topic for many years now and it is one to which the Association of German Banks is fully committed, having organised numerous related initiatives, projects, events and publications. [ Read Article ]

GBIC comments on the regulatory treatment of cryptoassets

14 September 2021
The GBIC has commented on a consultation of the Basel Committee on Banking Supervision on the regulatory treatment of crypto assets. From the point of view of the DK, a uniform global framework is required for the regulatory handling of … [ Read Article ]

Targeted consultation of the European Commission: GBIC rejects the introduction of an EU-wide data hub for NPLs

14 September 2021
From the GBIC's point of view, there is already a high level of transparency on the secondary markets for non-performing loans (NPLs). [ Read Article ]

GBIC comments on EBA draft ITS on IRRBB disclosure (EBA/CP/2021/20)

2 September 2021
GBIC understands EBA’s wish to implement the strengthening of supervisory convergence in Europe for interest rate risk exposures in the banking book (IRRBB) through its disclosure standards and the new IRRBB requirements, which are still expected. [ Read Article ]

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