GBIC comments on the ITS new IRRBB reporting
On January 31, 2023, the European Banking Authority (EBA) presented draft Implementing Technical Standards on the future, European harmonized…
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GBIC: Improving crisis management at banks is a good idea, but the approach proposed by the European Commission is flawed
Today, the European Commission published its proposal for reforms to amend legislation governing the handling of banks in financial distress. The…
Digitization of bank deposits: German Banking Industry Committee publishes new version of working paper on commercial bank money token
German Banking Industry Committee (GBIC) has published a comprehensive working paper on the evolution of commercial bank money. It describes the…
GBIC Comments on EU Commission Proposal for a EU Listing Act
On December 7, 2022, the EU Commission has published a proposal for an EU Listing Act. Amendments on the Prospectus Regulation and Market Abuse…
Comments on the proposal for a Directive for the further harmonisation of insolvency law
The German banking industry rejects, above all, the introduction of a pre-pack procedure and a simplified liquidation procedure for micro-entities,…
GBIC comments on EBA’s consultation to amend the data collection for the benchmarking exercise in 2024
The European Banking Authority (EBA) published a consultation paper in December 2022 to amend the Implementing Regulation on the benchmarking of…
GBIC Statement on the European Digital Identity Framework (eIDAS 2.0) - Concerns about mandatory acceptance for payments
GBIC welcomes the objective of the eIDAS Regulation to create the necessary framework conditions for the further digitalisation of public and private…
Proposed Amendments to IAS 12: International Tax Reform – Pillar Two Model Rules
The German Banking Industry Committee welcomes the IASB's proposed approach of not initially recognising deferred taxes resulting from the OECD…
Comments on Article 5d (sanctions screening) of the proposal for a regulation on instant credit transfers
In addition to the comments of 25 November 2022 the GBIC has commented on sanctions aspects of the proposal of the European Commission for a…
Position paper on the digital euro: Setting the course that could fundamentally change Europe's payment system
The discussion about the possible introduction of a digital euro has gained significant momentum in recent months and is increasingly also being…
DK Position ESMA Call for Evidence SRD II
The German Banking Industry Committee (DK) commented on the Call for Evidence on the implementation of Chapter Ia and Article 3j of the Shareholder…
New working paper on Commercial Bank Money Token
The German Banking Industry Committee (GBIC) have detailed several aspects regarding a Commercial Bank Money Token (CBMT) in a new working paper. It…