President of the Association of German Banks regrets decision for Brexit

18 January 2017
In response to British prime minister Theresa May’s keynote speech on Brexit, Hans-Walter Peters, president of the Association of German Banks and spokesman for the managing partners of private bank Berenberg, comments as follows: [ Read Article ]

The German Derivatives Association (DDV) and the German Banking Industry Committee (DK) propose principles for the issuance and distribution of credit-linked notes

16 December 2016
The German Derivatives Association (Deutsche Derivate Verband – DDV) and The German Banking Industry Committee (GBIC) have proposed that their members adopt principles for the issuance of credit-linked notes for distribution to retail clients. In doing so, the organisations address ... [ Read Article ]

Kemmer: Fed decision a small step towards normalisation

15 December 2016
“The Federal Reserve’s interest rate hike is good news. It underlines that the Fed considers the economic upturn in the US sufficiently robust to take another small step towards monetary policy normalisation,” said Michael Kemmer, General Manager of the Association ... [ Read Article ]

Kemmer on ECB’s monetary policy: an indecisive “having it both ways”

8 December 2016
"It’s a welcome development that the European Central Bank (ECB) intends to take its foot off the pedal a bit in terms of monthly bond buying,” stressed Michael Kemmer, General Manager of the Association of German Banks, commenting on today’s ... [ Read Article ]

Kemmer on the result of the referendum in Italy

5 December 2016
“The ‘no’ vote by the Italians to extensive reform of the Senate is without doubt a setback – also for Europe,” said Michael Kemmer, General Manager of the Association of German Banks, of the result of yesterday’s referendum. Prime Minister ... [ Read Article ]

GBIC: Further strengthen global economic and financial resilience

30 November 2016
The German Banking Industry Committee (GBIC) welcomes it that, under the new German presidency, the G20 aims to further strengthen the resilience of economies and financial markets in 2017 as well. [ Read Article ]

Basel IV – don’t place European banks at a disadvantage: content more important than a timetable

28 November 2016
Banking associations in the two major nations France and Germany have sounded the alarm in a joint letter to Federal Minister of Finance Wolfgang Schäuble and his French counterpart Michel Sapin. They warn emphatically of the adverse effects on the ... [ Read Article ]

Association of German Banks considers the reform of banking rules a step in the right direction

24 November 2016
“At first glance, the European Commission’s legislative proposal for reforming banking rules meets the needs of the European economy,” said Michael Kemmer, General Manager of the Association of German Banks. [ Read Article ]

Kemmer on the Bundesbank’s Financial Stability Review

16 November 2016
“Persistently low interest rates and weak economic growth are an extremely difficult combination, which may increase the risks to financial stability. The Bundesbank has once again made this quite clear,” stressed Michael Kemmer, General Manager of the Association of German ... [ Read Article ]

Changes on the Association of German Banks’ board of directors

7 November 2016
Martin Zielke, chairman of Commerzbank AG’s board of managing directors, today agreed to join the Association of German Banks’ board of directors. [ Read Article ]

Association of German Banks’ president Peters on Basel rules: good solution more important than timetable

7 November 2016
“A strong economy needs a strong banking sector,” said Hans-Walter Peters, president of the Association of German Banks and spokesman for the managing partners of private bank Berenberg, today. [ Read Article ]

The German Banking Industry Committee welcome Esther de Lange’s report on the planned European Deposit Insurance Scheme (EDIS)

4 November 2016
The report by Esther de Lange, MEP and member of the European People’s Party, on the European Deposit Insurance Scheme is basically a step in the right direction in the view of the German Banking Industry Committee (GBIC). GBIC welcomes ... [ Read Article ]

Banking association President Peters cautions against new capital requirements

8 October 2016
“Significantly higher capital requirements for banks are neither necessary nor justified,” said Hans-Walter Peters, President of the Association of German Banks and Spokesman of the Personally Liable Partners at the private bank Berenberg, on the sidelines of the annual IMF/World ... [ Read Article ]

Kemmer: Monetary policy will not solve the problem of weak growth

29 September 2016
“Monetary policy cannot solve the problem of the lack of growth in either the world economy or Europe,” said General Manager Michael Kemmer when unveiling the autumn economic forecast of the Association of German Banks for 2016/2017. [ Read Article ]

Economic forecast of the Association of German Banks: stuck in mediocrity

29 September 2016
“The world economy has slowed to a crawl, it is stuck in mediocrity,” said Carsten Klude, Chairman of the Economic and Monetary Policy Committee of the Association of German Banks and Chief Economist of M.M. Warburg, when unveiling the private ... [ Read Article ]

GBIC on Basel IV negotiations: great danger of German banks being placed at a considerable disadvantage

15 September 2016
The member associations of the German Banking Industry Committee (GBIC) warn that the ongoing Basel IV negotiations could place German banks at a considerable disadvantage. [ Read Article ]

GBIC: Postpone the PRIIPs Regulation – threat of considerable legal uncertainty until all requirements are in place

14 September 2016
The member associations of the German Banking Industry Committee (GBIC) warn of considerable legal uncertainty surrounding the planned introduction of standardised European key information documents for packaged retail and insurance-based investment products, or PRIIPs for short. [ Read Article ]

Avoid any prolonged economic damage to UK and EU after Brexit vote

5 September 2016
“Even after Brexit, German banks will retain their close ties with the London financial marketplace. A divorce war is no use to anyone,” says Michael Kemmer, the Association of German Banks’ General Manager. [ Read Article ]

Kemmer calls for political commitment to Frankfurt as a financial centre – recognise Brexit as an opportunity

18 August 2016
“Frankfurt can benefit from Britain leaving the EU,” says Michael Kemmer, the Association of German Banks’ general manager. “As the seat of important European financial-sector institutions, embedded in a strong and highly innovative economy with a stable legal framework, Frankfurt ... [ Read Article ]

2016 stress test results: German banks resilient despite tough stress criteria

30 July 2016
The stress test conducted by the European Banking Authority (EBA) shows that German banks are basically robust and resilient. This was the message issued jointly by the Association of German Banks (BdB), the Association of German Public Banks (VÖB), the ... [ Read Article ]

Stress test: neither an all-purpose weapon nor a placebo

20 July 2016
“Any bank stress test can only deliver a diagnosis – the therapy and healing process are the responsibility of others,” said Michael Kemmer, the Association of German Banks’ general manager, looking ahead to the stress test results that are due ... [ Read Article ]

Michael Kemmer: London remains a major financial centre despite Brexit

13 July 2016
“German banks will retain their close ties with the London financial marketplace,” said Michael Kemmer, the Association of German Banks’ general manager. Brexit wouldn’t change anything in that respect. Following the referendum, it was now important to avoid any prolonged ... [ Read Article ]

European banks concerned about Basel IV proposals

6 July 2016
The new rules planned by the Basel Committee on Banking Supervision to finalise Basel III – known as ‘Basel IV’ – would seriously restrict European banks’ lending capacity. This was the concern voiced today by Frédéric Oudéa,president of the French ... [ Read Article ]

Association of German Banks’ president Peters: German financial marketplace can profit from Brexit

29 June 2016
The outcome of the referendum in the UK was a shock – we definitely would have preferred a different one,” said Hans-Walter Peters, president of the Association of German Banks and spokesman for the managing partners of private bank Berenberg, ... [ Read Article ]

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