Suchergebnisse

the National Association of German Cooperative Banks (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken), representative for the German banking industry. In particular, he said, extensive process [...] German Banking Industry Committee (GBIC) has published a comprehensive working paper on the evolution of commercial bank money. It describes the design principles for a Commercial Bank Money Token (Tokenized [...] CBMT, we have dedicated ourselves to the further development of commercial bank money with the support of various European banks. Through a symbiosis with Industry 4.0 technologies, the CBMT can be seamlessly

Directive. German Banking Industry Committee (GBIC) generally supports the European Commission’s objective of optimizing the existing legal framework. However, Germany’s banks and savings banks reject the European [...] of Managing Directors of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks], on behalf of GBIC. “The ‘resolution mechanism for all’ [...] to expand a resolution mechanism that was specifically designed for large banks so that it covers all banks and savings banks is unacceptable to us,” emphasizes Quinten. In Germany, tried-and-tested guarantee

objective of defining open and common standards in the interbank domain. The Berlin Group first met in Berlin in October 2004. Participants include banks, banking associations, payment associations, national and [...] support and coverage of Payment Scheme and (Corporate) Bank Customers’ requirements on Use Cases and Services. What started in PSD2 Open Banking was already extended to support of new payment schemes (e [...] (and related costs), especially at bank systems. The Berlin Group standards with their comprehensive range of already supported services and transaction types allow the bank systems to implement and align

to central bank money for the population even in the digital age. At the same time, it is intended to help secure Europe's digital and monetary independence. The German banks and savings banks welcome a [...] President of the Association of German Cooperative Banks (BVR) in charge of the German Banking Industry Committee (GBIC). "The mandate of the European Central Bank and the concrete design of a digital euro must [...] division of roles between the central bank and the private sector: The ECB issues the digital euro as a secure means of payment. On this basis, banks and savings banks develop offerings that are tailored

Ossig, Chief Executive of the Association of German Banks, which is currently coordinating the German Banking Industry Committee, said, “The banking industry has created a secure European market for offers [...] Revised Payment Services Directive (PSD2). The German Banking Industry Committee advocates gearing it to the actual needs of customers and giving banks more scope for innovation. In its current form, the [...] data from payments. To achieve this, banks were obliged to give new service providers access to their customer interfaces, among other things. From the German Banking Industry Committee’s point of view,

the structure of the German banking market. In addition, the proposal would create disincentives (moral hazard) and jeopardize financial stability as a whole. The German Banking Industry Committee therefore [...] to revise the requirements on crisis management and deposit insurance ("CMDI Review"). The German Banking Industry Committee believes that the path proposed by the European Commission in the CMDI legislative

consist of tokenized commercial bank money in order to address the requirements of Industry 4.0, among other things as well as the introduction of a wholesale CBDC for interbank transactions (please see our [...] The German Banking Industry Committee (GBIC) commented on the European Commission’s consultation on a digital euro. In recent years, the declining use of cash and the growth of the digital economy amplified [...] and competitiveness of the market. However, the stability and function of today's trusted two-tier banking system cannot be put at risk. This must be done in particular by introducing a holding limit for

European citizens and the economy in general, and for European banks and savings banks in particular. With this new position paper, the German Banking Industry Committee would like to help answer the many questions

The German Banking Industry Committee (GBIC) provided comments on the European Banking Authority’s discussion paper on the role of environmental risk in the prudential framework. In particular, the GBIC

The German Banking Industry Committee (GBIC) commented on the European Commission’s consultation on improving the EU’s macroprudential framework for the banking sector. This review should take into account