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North Channel Bank GmbH & Co. KG – payout event determined by BaFin

25 January 2023
The German Federal Financial Supervisory Authority (BaFin) determined on 25. January 2023 that a payout event pursuant to Section 10(1) of the German Deposit Guarantee Act (EinSiG) had occurred at North Channel Bank GmbH & Co. KG since the bank … [ Read Article ]

Tokenise Europe 2025: Initiative aims to drive tokenisation

19 January 2023
The importance of tokenisation for Europe – the issuance of a digital representation of a real asset in the form of a token on a distributed ledger infrastructure – is generally underestimated. [ Read Article ]

North Channel Bank closed

12 January 2023
On January 12, 2023, the Federal Financial Supervisory Authority (BaFin) imposed a moratorium on North Channel Bank GmbH & Co. KG, Mainz in accordance with Section 46 of the German Banking Act (Kreditwesengesetz – KWG), thus ordering that the bank … [ Read Article ]

German Banking Industry Committee calls for more space for innovation in payments services

5 July 2022
The European Commission has begun its review of the Revised Payment Services Directive (PSD2). In a position paper, the German banking associations advocate maintaining stability in the regulatory environment for payments in the coming years. [ Read Article ]

EU banking package: German banks warn of adverse consequences for the economy

1 June 2022
The European Parliament’s rapporteur, Jonás Fernández (S&D), has today released his draft report on the European Commission’s legislative proposal for implementing Basel III in the EU (known as the EU banking package). [ Read Article ]

Economic forecast: war in Ukraine will leave significant scars on the German economy

23 March 2022
The economic outlook by the chief economists of Germany’s private banks is subject to considerable uncertainty this spring. [ Read Article ]

German private banks adopt extensive reform of deposit protection

8 December 2021
This means protection limits will be geared to the needs of depositors. For 98 percent of retail savers, nothing will change – their deposits will continue to be fully protected. [ Read Article ]

Hamburg Commercial Bank to join the Deposit Protection Fund

8 November 2021
The Hamburg Commercial Bank (HCOB) will become a full member of the Association of German Banks on 1 January 2022 and will switch to the voluntary Deposit Protection Fund of German private banks. This was decided by the Board of … [ Read Article ]

Banks want to be at the forefront of the fight against climate change

25 October 2021
Shortly before the COP26 world climate conference in Glasgow, the private banks have set out their position on how to successfully involve the financial sector in climate protection policy – also against the backdrop of the ongoing coalition talks in … [ Read Article ]

German Banking Industry Committee presents policy paper on “digital euro”

5 July 2021
In a policy paper, the German Banking Industry Committee (GBIC) for the first time sets out detailed thoughts on the design of a “digital euro”. In this paper, experts from Germany’s five national banking associations draw up an ecosystem of … [ Read Article ]

Top Business Associations Establish Transatlantic Business Initiative (TBI)

16 June 2021
Through the TBI, German business seeks to inject new momentum into transatlantic relations, building on  trade and economic policy support from Berlin and Brussels. [ Read Article ]

Christian Sewing elected new President of the Association of German Banks

21 April 2021
The Board of Directors of the Association of German Banks on monday voted to appoint Christian Sewing as its new President. [ Read Article ]

Greensill Bank AG – payout event determined by BaFin

16 March 2021
The German Federal Financial Supervisory Authority (BaFin) determined on 16 March 2021 that a payout event pursuant to Section 10(1) of the German Deposit Guarantee Act (EinSiG) had occurred at Greensill Bank AG since the bank is unable to repay … [ Read Article ]

Greensill Bank AG closed

3 March 2021
On March, 3 2021, the Federal Financial Supervisory Authority (BaFin) imposed a moratorium on Greensill Bank AG in accordance with Section 46 of the German Banking Act (Kreditwesengesetz – KWG), thus ordering that the bank be closed for business with … [ Read Article ]

Covid-19: the Italian Banking Association and the German Banking Industry Committee propose more flexible rules

16 February 2021
Shaping the Banking Union, refocussing on a fair regulatory approach towards the implementation of Basel III in the EU and adapting the treatment of non-performing loans (NPLs) in light of the current economic scenario, : these are the requests the … [ Read Article ]

German Banking Industry Committee urges “prudent” discussion when revising the EU rules on crisis management for banks

29 January 2021
On 26 January 2021, the EU Commission launched the announced consultation on the revision of the crisis management and deposit insurance framework. [ Read Article ]

Association of German Banks has reservations about EU action plan to reduce non-performing loans

16 December 2020
The European Commission today unveiled its action plan to reduce non-performing loans (NPLs). Christian Ossig, Chief Executive of the Association of German Banks, commented as follows: “The European Commission is right to launch an initiative to counter a possible sharp … [ Read Article ]

Association of German Banks welcomes plans for capital markets union

24 September 2020
The European Commission has today unveiled its action plan for creating capital markets union. The aim of the plan is to strengthen and expand European capital markets. “An efficient, single capital market is more urgently needed than ever,” said Christian … [ Read Article ]

Sustainable finance: banks play a key role in the fight against climate change

21 September 2020
In the association’s latest position paper, Germany’s private banks argue for more sustainability in the economy and, in particular, for more climate protection. [ Read Article ]

Martin Zielke hands over the office of President of the Association of German Banks to Hans-Walter Peters

12 August 2020
Against the backdrop of his resignation as Chairman of the Board of Managing Directors of Commerzbank AG, Martin Zielke is also stepping down as President of the Association of German Banks. [ Read Article ]

Use German EU Council Presidency to give Europe a fresh start

15 July 2020
The German private banks believe Germany should use its Presidency of the EU Council to give Europe a fresh start. [ Read Article ]

‘Cliff edge’ Brexit is irresponsible in the corona era: BdB calls for progress and clarity in the negotiations in a new position paper

19 June 2020
The Association of German Banks’ new position paper sets out its calls for future cooperation between the EU and the United Kingdom in the financial sector. [ Read Article ]

Ensure digital sovereignty: Association of German Banks calls for the introduction of a programmable euro

17 June 2020
In its third position paper the association underlines the rapidly growing demand for a programmable euro and recommends that Europe launch initiatives of its own. [ Read Article ]

Banking association President Zielke: Banks are needed to help solve the major crisis

23 April 2020
The newly elected President of the Association of German Banks, Martin Zielke, has praised the swift and decisive action of German policymakers in the coronavirus crisis. [ Read Article ]

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