Banking in 2030 – How will the current global trends, especially AI, shape the post[1]Covid19 pandemic future of the European banking industry and its employees?
This is a call for a subcontractor to provide expertise as part of implementation of the Social Partners in the European Banking Sector’s project on “Banking in 2030”.
The deadline for submission of bids is Friday 22 July 2022. The European Social Partners for the banking sector (EBF-BCESA and Associated Partners EACB, ESBG, and UNI Europa Finance) have a long history of running successful, joint EU funded projects. The European Commission granted funding most recently for a 2016-2020 two-waves project on the ‘Impact of banking regulation on employment. Analyzing best practice at European, national and company level and developing joint approaches through “European Social Dialogue”, which was successfully completed.
This new project builds on the structure and findings of the previous ones, adding however a new dimension represented by digitalization and Artificial Intelligence in the aftermath of the Covid-19 pandemic. The Project this project has the following objectives: (1) to perform a qualitative analysis on how the development of Artificial Intelligence and digitalization, will affect the banking industry and its employees in the upcoming decade and what will be the effects of the COVID19 pandemic and banking regulation in this scenario (2) exchange experiences and examples on the impact of AI/digitalization and the Covid-19 pandemic on the banking sector in Europe and the effects on the employees; and (3) based on these findings, to develop and present to relevant stakeholders a joint European Social Partner approach on to provide recommendation on how to mitigate the impact of Artificial Intelligence and Covid-19 through legislation and how Social Partners can positively support these changes
related
European Banking Authority (EBA) on ESG risk management
The European Savings and Retail Banking Group (ESBG) submitted its response to the consultation launched by the European Banking Authority (EBA). ESBG insists on the need for consitency with CSRD and CSDDD, the addressees of this guideline should also
Enhancing Transparency in Bank Disclosures: ESBG delivers comprehensive response to the EBA’s Pillar 3 data hub consultation
On 14 December 2023, the European Banking Authority (EBA) published a discussion paper on the Pillar 3 data hub processes and its possible practical implications.
IASB Exposure Draft (ED) on Financial Instruments with Characteristics of Equity
On 29 November 2023, the International Accounting Standards Board (IASB) proposed amendments in an Exposure Draft to tackle challenges in financial reporting for instruments with both
ESBG’s response to the EFRAG Comment Letter on Financial Instruments with Characteristics of Equity
On 29 November 2023, the International Accounting Standards Board (IASB) proposed amendments in an Exposure Draft to tackle
ESBG advocates for increased clarity and streamlining of supervisory reporting requirements
On 14 March, ESBG submitted its response to the European Banking Authority (EBA) consultation on ITS amending Commission Implementation Regulation (EU) 2021/451 regarding supervisory reporting
WSBI-ESBG advocates for robust implementation of the BCBS Pillar 3 framework for climate-related financial risks
On 14 March, WSBI-ESBG submitted its response to the Basel Committee on Banking Supervision (BCBS) consultation on its Pillar 3 disclosure framework for climate-related financial risks
ESBG stresses the need for consistency and clarity in its Response to the SFDR Review Consultation
ESBG submitted its response to the European Commission’s consultation on the SFDR review, aiming to enhance transparency in sustainability-related disclosures within the financial services sector
ESBG response to the EBA’s consultation on Guidelines on preventing the abuse of funds and certain crypto-assets transfers for ML/TF
The guidelines on the “travel rule” delineate the actions that Payment Service Providers (PSPs), Intermediary PSPs
ESBG responds to the SRB consultation on the future MREL policy
The European Savings and Retail Banking Group (ESBG) submitted its response to the consultation launched by the Single Resolution Board (SRB) in December 2023 on the future of the Minimum Requirement for own funds
ESBG’s response to the Commission’s consultation on the GDPR
The primary EU legislation ensuring the fundamental right to data protection is the General Data Protection Regulation