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German Banking Industry Committee regrets Brexit vote – German financial marketplace robust

24 June 2016
The German Banking Industry Committee (GBIC), made up of the five leading banking-sector associations, regrets the vote by the British people in favour of leaving the EU. The EU should now quickly establish clarity on how the Brexit negotiations are ... [ Read Article ]

Association of German Banks’ president Peters: A black day for the UK and Europe

24 June 2016
“We see the vote by the British people to leave the EU with great concern,” said Hans-Walter Peters, the Association of German Banks’ president and spokesman for the managing partners of private bank Berenberg, today. “It’s a black day for ... [ Read Article ]

French Banking Federation and Association of German Banks express their concern about banking regulation

21 June 2016
Basel IV: French and German banking federations meet French Finance Minister Michel Sapin and express concerns on the risks for the financing of the European economy. [ Read Article ]

Michael Kemmer: ECB corporate bond buying programme won’t have any positive impact

7 June 2016
“The European Central Bank (ECB) will not achieve any noticeable effect on investment and consumer prices when it expands its corporate bond buying programme from Wednesday,” said Michael Kemmer, the Association of German Banks’ general manager, today in Berlin. [ Read Article ]

Association of German Banks welcomes plans for possible stock exchange merger

1 June 2016
“A merger between Deutsche Börse and the London Stock Exchange is an opportunity for Europe and for Germany as a financial marketplace,” said Hans-Walter Peters, president of the Association of German Banks and spokesman for the managing partners of Joh. ... [ Read Article ]

Communications forum launched for fintechs and banks

22 April 2016
Around 60 participants, made up of almost 40 fintechs, various banks and the Association of German Banks, this week (on 19 April) established the Digital Banking Communications Forum and decided on the main focus of their activities in the coming ... [ Read Article ]

Opinion confirms inadequate legal basis for a European Deposit Insurance Scheme (EDIS)

19 April 2016
Article 114 of the Treaty on the Functioning of the European Union (TFEU), cited by the European Commission as the basis for creating a European Deposit Insurance Scheme (EDIS), is not an adequate legal basis. This is the conclusion of ... [ Read Article ]

Private banks’ new president Peters: Complexity of regulation causing banks concern

11 April 2016
“A stable financial market needs stable regulation,” said Hans-Walter Peters, new president of the Association of German Banks and spokesman for the managing partners of Joh. Berenberg, Gossler & Co. KG, on the occasion of the Association’s board of directors ... [ Read Article ]

Hans-Walter Peters new president of the Association of German Banks

11 April 2016
Handover of office at the Association of German Banks: Hans-Walter Peters, spokesman for the managing partners of Joh. Berenberg, Gossler & Co. KG, takes over today as president of the Association of German Banks from Jürgen Fitschen, co-chief executive officer ... [ Read Article ]

John Cryan elected to the Association of German Banks’ board of directors and presidential board

11 April 2016
The Association of German Banks’ delegates assembly today elected John Cryan, co-chief executive officer of Deutsche Bank, to the Association’s board of directors. Mr Cryan takes the place of Jürgen Fitschen, who retires from the board today at his own ... [ Read Article ]

Kemmer: “Financial literacy essential!”

14 March 2016
At the start of the second European Money Week (Europe-wide from 14 – 18 March 2016) Michael Kemmer, General Manager of the Association of German Banks, highlighted how important it was for young people to have general financial education. “Financial ... [ Read Article ]

ECB interest rate decision: the problem is the dose and frequency of the medicine

10 March 2016

“It was totally unnecessary for the European Central Bank (ECB) to open the cash floodgates even wider today. The central bank is overstating the risk of deflation,” said Michael Kemmer, General Manager of the Association of German Banks. The main ...

[ Read Article ]

Economic forecast: Europe facing major challenges – monetary policy no panacea

9 March 2016
“Across the globe, we are currently experiencing an extraordinary accumulation of risks. Yet we cannot go along with those who see full-blown crisis scenarios,” said Michael Kemmer, general manager of the Association of German Banks, when presenting the association’s 2016/2017 ... [ Read Article ]

New GBIC expert opinion: leverage ratio sets serious perverse incentives

25 February 2016
A leverage ratio will not make the financial system more stable. On the contrary, an inflexible instrument of this kind sets dangerous perverse incentives. This is the conclusion of a new expert opinion commissioned by the member associations of the ... [ Read Article ]

German Banking Industry Committee critical of unnecessary regulatory burdens

4 February 2016
In its response to a consultation by the European Commission, the German Banking Industry Committee (GBIC) criticises “unnecessary burdens” arising from new banking regulation. The costs generated by implementing the regulatory requirements pose a significant challenge, especially for small banks. ... [ Read Article ]

Basel IV plans for new capital requirements go too far

25 January 2016
“German banks have hugely improved their capital ratios and thus their resilience in recent years. The Basel IV plans now issued by the Basel Committee, which envisage increasing capital requirements still further, go too far and threaten to overstrain the ... [ Read Article ]

Kemmer: open Europe more for consumers and banks – simplify regulation at the same time

10 December 2015
Michael Kemmer, the Association of German Banks’ general manager: “The European Commission is right in aiming to open a further stage on the road to a single European financial market by unveiling its Green Paper on consumer financial services today. [ Read Article ]

Trade associations call for a halt to plans for a financial transaction tax

8 December 2015
In a joint statement, Germany’s leading trade associations call on European finance ministers to drop plans to introduce a financial transaction tax. [ Read Article ]

Kemmer: ECB decision unconvincing

3 December 2015
Michael Kemmer, General Manager of the Association of German Banks, is unconvinced by the decision of the European Central Bank (ECB) to open the monetary sluice gates further still. “The ECB put itself under unnecessary pressure to act even ahead ... [ Read Article ]

The private commercial banks’ Ombudsman Scheme: Federal Court of Justice verdict triggers sharp increase in complaints

28 October 2015
“The Ombudsman Scheme was heavily affected last year by the Federal Court of Justice’s verdict on loan processing fees,” said Michael Kemmer, general manager of the Association of German Banks, when presenting the 2014 Ombudsman’s Report today. This was down, ... [ Read Article ]

Banks give positive assessment of European banking supervision

12 October 2015
“All in all, it’s been a good first twelve months,” said Michael Kemmer, general manager of the Association of German Banks, looking back on one year of the Single Supervisory Mechanism (SSM). The European Central Bank (ECB) had faced a ... [ Read Article ]

Cyber generation highly risk-conscious - Association of German Banks' 2015 Youth Survey

22 July 2015
“Digitisation is an absolutely positive issue among young people: nearly two-thirds of 14 to 20-year-olds see the internet and digitisation as largely bringing benefits for society in general, and fully 85% feel they benefit personally”, says Michael Kemmer, General Manager ... [ Read Article ]

Europe must take warning shot seriously – individual responsibility important, continue to build trust

13 July 2015
Michael Kemmer, General Manager of the Association of German Banks: “We welcome the fact that the European partners have finally reached agreement after a marathon summit and that the stalemate has been broken. That was a warning shot for Europe ... [ Read Article ]

Include financial services in the TTIP

20 April 2015
“Including financial services in the TTIP free trade agreement is in the interest of stable financial markets,” said Michael Kemmer, General Manager of the Association of German Banks, as the ninth round of negotiations began in New York. [ Read Article ]

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