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GBIC comments on machine learning for IRB Models

The GBIC has commented on a consultation of the European Banking Authority on machine learning for IRB models. In general, the GBIC would like to note that the algorithms underlying ML models and the data used are not per se more complex than in traditional methods. The decisive factor is always the respective application case. 

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Stellungnahme IRB-Modelle

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Implementation of the amended Distance Selling Directive (EU 2023/2673)

Of 22 November 2023 into German law

The German Banking Industry Committee (DK) has issued a statement on the draft bill (RefE) of the Federal Ministry of Justice and Consumer Protection (BMJV) for a ‘Law Amending Consumer Contract and Insurance Law’ dated 9 July 2025.