WSBI ESBG
Prudential, Supervision and Resolution
WSBI-ESBG is a propoponent of the proportionality principle.
Banking legislation: Strike the right balance
WSBI-ESBG is a propoponent of the proportionality principle, an instrument that aims to achieve the right balance between the objectives pursued by legislation and the methods used to achieve them.
It is needed balance to prevent the financial system and its regulatory framework from creating disproportionate obligations to banks that do not adjust to the standards of size, complexity, business model, and cross-border activity. When proportionality is applied properly, it creates an evironment for further innovation, sustainable finance as well as finanical inclusion by savings and retail banks.
Prudential treatment of software investments
In today’s digital era, the current approach of the EU-Legislator to the capital treatment of software assets is a disadvantage in comparison with non-EU banks and FinTech Companies and must be tackled in order to achieve a level playing field, preserve fair competition and advance technological innovations and digitalisation in the financial (banking) sector.
Our latest content on Prudential, Supervision and Resolution
05/09/2023
ESBG responds to Commission’s call for feedback on its legislative package on CMDI
On 31 August, ESBG shared its feedback with the European Commission on the legislative package which aims to review the Crisis Management and Deposit Insurance
04/08/2023
ESBG has recently submitted its response to the EBA consultation on its draft Guidelines on resubmission of historical data
The objective is to establish a standardized approach for financial institutions to resubmit historical data in case of errors
02/06/2023
ESBG reiterates its recommendations for the trialogues on the Banking Package towards the Council and Parliament
At the end of May, ESBG reiterated its recommendations for the trialogues on the Banking Package
12/05/2023
ESBG responds to the EBA consultation on IRRBB supervisory reporting
ESBG submitted its response to the consultation launched by the European Banking Authority (EBA) on 2 May 2023 on its draft Implementing Technical Standards (ITS) on supervisory reporting with…
05/05/2023
ESBG submits its response to ESAs on the exchange of information relevant to fit and proper assessment
On 28 April, ESBG submitted its response to the European Supervisory Authorities’ (ESAs’) consultation on joint draft Guidelines concerning
04/05/2023
ESBG sends a letter to the EBA and EC to address the proposed changes to the EBA RTS on IRRBB SOT
On 24 April, ESBG sent a letter to the European Banking Authority (EBA) and the European Commission (EC) regarding the EC proposed