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.​​



Latest

Crypto-asset Activities: WSBI-ESBG calls for a more consistent regulatory approach

The said framework sets out a) the key issues and challenges in developing a comprehensive

WSBI-ESGB members call for aligned approach between regulatory bodies on Cyber incident reporting

On 17 October 2022, the Financial Stability Board (FSB) published a consultative document

Joint Industry letter on the importance of advice and preserving the commission-based model

ESBG welcomed the intentions of the EC and DG FISMS to assess how the retail investor protection framework may be enhanced through this specific methodology

Value for money approach: ESBG position

ESBG welcomed the intentions of the EC and DG FISMS to assess how the retail investor protection framework may be enhanced through this specific methodology

WSBI-ESBG shares its position on the draft FATF Guidance on the transparency and beneficial ownership of legal persons

The FATF Recommendations set out global AML/CFT measures and should be implemented by countries in the best way

ESBG’s response to FATF draft amendments on the transparency and beneficial ownership of legal arrangements

Following a white paper on the revision of the rules on the transparency and beneficial ownership

Call for clarification on the Artificial Intelligence Liability Directive

The European Savings and Retail Banking Group (ESBG) response to the EU Commission's call for feedback on the proposed Artificial Intelligence Liability Directive.

Call for clear scope of applicability of the Cyber Resilience Act

The European Savings and Retail Banking Group (ESBG) submitted its input to the European Commission’s call for feedback on the proposed Cyber Resilience Act, which was published in September. All…

ESBG submitted its response to the EBA consultation on DGS contribution calculation

Enhancing the proportionality between the riskiness and the DGS contribution.

ESBG responds to the EBA consultation on the supervisory handbook for IRB systems validation

The handbook aims to clarify the role of the validation function as part of corporate governance, in particular in terms of scope of work and interaction with the credit risk control unit.

ESBG short paper on the bank crisis management and deposit insurance framework (CMDI)

We welcome both the decision to update the Supervisory Review and Evaluation Process (SREP) Guidelines and the overarching objectives to increase convergence of practices across the EU and to align…

ESBG keeps a close eye on prudential treatment of crypto assets

On 30 September 2022, ESBG responded to the second public consultation of the Basel Committee on Banking Supervision (BCBS) on...

ESBG response to the EFRAG consultation on its first set of draft ESRSs calls to ensure levelled global playing field

In its response to the European Financial Reporting Advisory Group (EFRAG) public consultation on the first set of Draft EU Sustainability Reporting Standards (ESRSs), the European Savings and Retail…

EU Taxonomy minimum safeguards: Criteria for the application of external checks should be further defined

The European Savings and Retail Banking Group submitted its final response to the Platform for Sustainable Finance (PSF) consultation on its draft report on minimum safeguards (MS). In its response,…

Reducing the scope of the EBA NPLs data templates

ESBG responded to the EBA consultation on the draft non-performing loans (NPL) transaction data templates, which seek to improve the functioning of secondary markets for NPLs.

FATF revision of Recommendation 25

The Financial Action Task Force (FATF) aims to better meet its objective of preventing the misuse of legal arrangements for money laundering and terrorist financing (ML/TF) and therefore conducts a…

State Aid rules for banks in difficulty

The European Savings and Retail Banking Group (ESBG) welcomes the initiative of the European Commission to launch a targeted consultation aiming at reviewing the State Aid rules for banks in…

International Sustainability Standards Board consultation on Sustainability Disclosures

The International Sustainability Standards Board (ISSB) has been established at COP26 with the purpose of developing a comprehensive global baseline of sustainability disclosures for the capital…

For a single market for data to push growth and innovation

A European approach to data is essential to ensure competitiveness, avoid fragmentation, benefit from an effect of scale and guard against windfall effects from which certain non-European players…

PSD2 review must seek fair distribution of value and risk among all market participants

ESBG submitted its response to the European Commission (EC)’s targeted consultation on the review of the revised payment services Directive (PSD2) on 15 of July.