Payment and financial services are currently undergoing an extensive process of digital transformation. We have identified six principles which will help to realise these economic and societal benefits.

Improving customer protection, competitive equality, financial stability

The EU Commission presented a legislative proposal for the introduction of a digital euro today. According to the proposal, the digital euro is intended to be a response to the declining use of cash and to ensure access to central bank money for the population even in the digital age. At the same ti

German banking industry calls for political guard rails for a digital euro

On 23 &amp; 24 May 2023 the Berlin Group held its Open Finance Conference 2023. At the event Berlin Group announced full standards 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 

Berlin Group API Framework is offering support to all prevailing API-based Payment Schemes

The European Union faces the once-in-a-century task of asserting itself – as a community – politically, economically and socially in a world of global competition.

Strengthening Europe’s sovereignty

The German Banking Industry Committee (GBIC) welcomes this new report as it once again underlines the EU Commission’s goal to promote cashless payments within the European single market.

Review of the Interchange Fee Regulation Position

The German Banking Industry Committee (GBIC) has issued its comments to the public consultation of the CIRR-toolkit of the Financial Stabilty Board.

Comments on effective Practices for Cyber Incident Response and Recovery

GBIC has answered the European Central Bank consultation on changes to Regulation (EU) No 1409/2013 of 28 November 2013 concerning payments statistics.

Comments on amendments to the ECB Regulation on payments statistics

Digital currency is a hugely important topic for the German Banking Industry Committee (GBIC) for a number of reasons. Firstly, a rapidly growing number of companies are looking at the integration of distributed ledger technology (DLT) into their production and business processes. Then there are private initiatives, such as the Libra project’s stablecoins, where the GBIC wants to ensure a level regulatory playing field. And, finally, policymakers and the Eurosystem are considering the evaluation and possible introduction of a central bank digital currency. These initiatives and ideas should only be pursued if they will bring significant added value for the broad public and if the stability of the financial system and its ability to provide efficient funding can be guaranteed.

Comments on Digital currencies

Following the debate on Facebook’s “Libra” currency, German banks say:  The economy needs a programmable digital euro!

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Deposit protection scheme

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