Positions

Latest position papers published by WSBI and ESBG. Responses to consultations and letters submitted to the European Commission and other policymaking bodies appear in many of the published papers.

European Banking Authority (EBA) on ESG risk management

16 April 2024

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

2 April 2024

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

28 March 2024

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

20 March 2024

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

14 March 2024

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

14 March 2024

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

6 March 2024

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

28 February 2024

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

22 February 2024

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

The World Savings and Retail Banking Institute

The European Savings and Retail Banking Group

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Sustainable Finance

Consumer Finance

Anti Money Laundering

Prudential, Supervision and Resolution

Capital Markets Regulation

European Social Dialogue

Auditing, Accounting and Reporting

Digital Finance and Innovation

Payments

News

The World Savings and Retail Banking Institute

The European Savings and Retail Banking Group

Focus areas

Sustainable Finance

Consumer Finance

Anti Money Laundering

Prudential, Supervision and Resolution

Capital Markets Regulation

European Social Dialogue

Auditing, Accounting and Reporting

Digital Finance and Innovation

Payments

News

Positions

Latest position papers published by WSBI and ESBG. Responses to consultations and letters submitted to the European Commission an​d other po​​licymaking bodies appear in many of the published papers.​​

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ESBG

Together

Members Area

Achieve gender equality and empower all women and girls

WSBI-ESBG members contributed to achieve gender equality in the workplace and in their customers portfolio:

53 %

of their staff on average, are women in a non-management and/or front-line level role.

46 %

of members’ management level staff on average, in the African and Latin American region are women.

53 %

of the member banks’ total customer base, excluding the Asian region are women

Strengthen the means of implementation and revitalize global partnerships for sustainable development

In October 2023, WSBI-ESBG formed a strategic alliance with the

housed by the World Bank, further bolstering our commitment to inclusivity and diversity

WSBI’s Development Finance Unit Scale2Save

works with development finance institutions to access international financing flows and with grant giving institutions to catalyse grant financing that supports the development of gender and climate smart solutions for greater impact at members.

Take urgent action to combat climate change and its impacts

WSBI-ESBG members contributed to combat climate changes:

US$ 51 billion

of green bonds were issued.

US$ 31 million

was invested in philanthropic support for the environment including biodiversity protection, eco-friendly mobility solutions, and green campaigns.

A variety of climate insurances and loans for renewable energy

are offered to their customers.

Reduce inequality within and among countries

WSBI-ESBG members contributed to reducing inequalities by serving youth and rural population:

36 %

of their customers on average are 18 to 34 years old

66 %

of their customers on average, are residing in rural areas.

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

WSBI-ESBG members contributed to enhance the access of their customers to financial services:

88 %

of their network contact points are comprised of mobile banking and financial services agents and Point of Sales (POS) reaching last mile customers

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

WSBI-ESBG members contributed to the development of the local economy:

1,4 billion

customers are represented by the global WSBI-ESBG network.

US$ 13,5 trillion

in assets are valued by the members.

94 %

of the members’ corporate portfolio is comprised of micro-, small- and medium-sized enterprises (MSMEs)

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

WSBI-ESBG members contributed actively to quality education of their customers:

US$ 333 million

was invested in philanthropic support for the education sector including skillset-building, financial education, school visits and stationery.

US$ 4 billion

of outstanding loans for scholarships, in addition to numerous savings plans dedicated to education are currently offered.

Almost 30 %

of the members offer financial education programs for their customers.

Latest position papers published by WSBI and ESBG. Responses to consultations and letters submitted to the European Commission and other policymaking bodies appear in many of the published papers.