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
22/02/2024
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…
15/11/2023
ESBG’s letter on the draft STE package for the SREP 2024 data collection
The ongoing process of developing a cybersecurity certification scheme for cloud services (EUCS) has been raising serious
15/09/2023
ESBG responds to the ECB consultation on its Guide to Internal Models
On 15 September 2023, ESBG responded to the European Central Bank (ECB) public consultation on its revised Guide to internal models
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