GBIC welcomes the objective of the eIDAS Regulation to create the necessary framework conditions for the further digitalisation of public and private services as well as business processes in the EU by introducing a European Digital Identity (EUDI). The acceptance of the EUDI wallet by private provi

GBIC Statement on the European Digital Identity Framework (eIDAS 2.0)  - Concerns about mandatory acceptance for payments

The German Banking Industry Committee welcomes the IASB's proposed approach of not initially recognising deferred taxes resulting from the OECD minimum taxation, but to make corresponding disclosures in the notes. However, the German Banking Industry considers the disclosure requirements mentioned b

Proposed Amendments to IAS 12: International Tax Reform – Pillar Two Model Rules

In June 2017, ESMA published the "Guidelines on MiFID II product governance requirements", which further specify the requirements of MiFID II and its Delegated Directive with regard to target market determination. BaFin has implemented these guidelines as BT 51 in the Minimum Requirements for the Co

Comments - Review of the Guidelines on MIFID II product governance requirements

The German Banking Industry Committee (GBIC) has commented on the European Commission’s proposal for a regulation amending Regulations (EU) No 260/2012 and (EU) 2021/1230 as regards instant credit transfers in euro.


Comments on the European Commission’s proposal for a regulation on instant credit transfers COM(2022) 546 final

The discussion about the possible introduction of a digital euro has gained significant momentum in recent months and is increasingly also being conducted politically. If a digital euro is introduced, it must be successful for many reasons: for European citizens and the economy in general, and for E

Position paper on the digital euro: Setting the course that could fundamentally change Europe's payment system

The&nbsp;German Banking Industry Committee (GBIC)&nbsp;have&nbsp;detailed&nbsp;several aspects regarding a&nbsp;Commercial Bank&nbsp;Money Token (CBMT) in a new working paper. It acts as a follow-up to the CBMT concept laid down in the whitepaper “Europe needs new money”, published by GBIC&nbsp;in&n

New working paper on Commercial Bank Money Token

The European Banking Authority (EBA) launched on 16 May 2022 a public consultation on the draft Implementing Technical Standards (ITS) specifying the requirements for the information that sellers of non-performing loans (NPL) shall provide to prospective buyers, seeking to improve the functioning of

EBA/CP/2022/05 Draft Implementing Technical Standards (NPL Transaction Data Templates)

The Council of the European Union agreed today on a position regarding the EU banking package. The package represents a profound overhaul of banking supervision requirements, the focus of which is the final implementation of Basel III; it will place a significant burden on the European banking indus

Banking package: EU Council of Ministers provides constructive stimulus for challenging legislative process

GBIC has commented on the EBA’s supervisory handbook which sets out expectations for the validation of rating systems that institutions use within the internal ratings based approach (IRBA) to determine their own funds requirements.


German Banking Industry Committee

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GBIC Statement on the European Digital Identity Framework (eIDAS 2.0) ...

Proposed Amendments to IAS 12: International Tax Reform – Pillar Two ...

Comments - Review of the Guidelines on MIFID II product governance ...

Comments on the European Commission’s proposal for a regulation on ...

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