Association of German Pfandbriefbanks (vdp)

The draft will not lead to broader application and greater market acceptance of the EU taxonomy with regard to property financing, environmental objective climate change mitigation and the activities 7.1, 7.2 and 7.7.

We welcome the European Commissions Call for Evidence on the Housing Simplification Package. The review of existing European regulations provides an important opportunity to remove barriers to the creation and modernisation of housing, whilst at the same time improving coherence between housing policy objectives and the European regulatory framework.

We welcome the Communication, as it correctly identifies weaknesses in the existing regulatory framework. However, the Communication remains relatively general in outlining problem areas and possible courses of action and thus falls short of developing the concrete solutions that would have been desirable. To achieve tangible improvements within a reasonable timeframe, we advocate a two-stage legislative approach.

The Association of German Pfandbrief Banks (vdp) welcomes the European Commissions review of EU banking competitiveness, emphasising that regulation has become a key factor in competitiveness. Although post-crisis reforms have strengthened resilience, the increasingly complex regulatory landscape, characterised by overlapping responsibilities, expanding supervisory expectations and high operational burdens, has…