European Banking Federation

Key messages: - Strong business cases for circularity: The Circular Economy Act must correct market failures to create robust, profitable business cases on a large scale. Transitioning to a circular economy not only requires clear recycled content standards and phasing out high-impact materials, but also strong structural economic incentives to reward circularity and stimulate demand, including through public…

The European Banking Federation strongly supports the goal of simplifying and harmonizing the technical screening criteria across the EU regulatory framework. While we support all efforts for simplification, proportionality, practical applicability and consistency with EU law, we believe the proposed simplification is insufficient to significantly improve the usability of the whole Taxonomy framework.

Key messages & proposals We strongly support the goal of simplifying the technical screening criteria, enhancing clarity and coherence, and reducing unnecessary complexity while maintaining robust environmental standards and the overall integrity of the EU Taxonomy framework.

Key messages & proposals We strongly support the goal of simplifying the technical screening criteria, enhancing clarity and coherence, and reducing unnecessary complexity while maintaining robust environmental standards and the overall integrity of the EU Taxonomy framework.

The European Banking Federation strongly supports the goal of simplifying and harmonizing the technical screening criteria across the EU regulatory framework. While we support all efforts for simplification, proportionality, practical applicability and consistency with EU law, we believe the proposed simplification is insufficient to significantly improve the usability of the whole Taxonomy framework.

The European Banking Federation strongly supports the European Commissions efforts to reduce the complexity of sustainability-related disclosures for capital markets and increase their usability for both investors and financial market participants.

The SFDRs objectives are still relevant. However, there are many shortcomings with the interpretation and implementation of existing requirements, and we welcome the upcoming revision of the SFDR to strengthen the effectiveness of the regulation. We have set out recommendations to improve the framework's usability and transparency for end-investors, with a particular focus on retail investors. Our key messages: 1.

The European Banking Federation (EBF) welcomes the European Commission’s initiative to address the issues with regard to large online platforms with significant network effects acting as gatekeepers and welcomes the opportunity to respond to the published Inception Impact Assessment (IIA) on a possible ex-ante regulatory instrument.

The European Banking Federation strongly supports the goal of simplifying and harmonizing the DNSH principle across the EU regulatory framework including its application under the MFF. We support all efforts for simplification, proportionality, practical applicability and consistency with EU law.

The European Banking Federation (EBF) welcomes the opportunity to contribute to the European Commissions simplification initiative under the Digital Fitness Check. In the attached document, we conducted an examination of 11 legal acts, identifying interplays, overlaps and priority areas for the financial sector where simplification, better coordination and effective enforcement are needed, with the objective of…

The European Banking Federation (EBF) welcomes the opportunity to comment on the European Commission's Call for Evidence for an Impact Assessment on a European Business Wallet. The EU Business Wallet initiative holds significant potential to deliver positive impact across numerous scenarios - from reducing administrative burden and compliance costs, to enhancing cross-border interactions for economic operators and…

The European Banking Federation supports the development of a European legal framework for the limited and complementary use of international emission credits that can support global decarbonization financing and contribute to a cost-efficient and politically durable European climate framework - provided they remain strictly supplementary, meet the highest integrity standards and are embedded in a transparent…

The European Banking Federation (EBF) stresses that, in an increasingly fragile economic and geopolitical context, simplifying the EUs corporate income tax framework is an urgent priority. Current rules impose disproportionate compliance burdens on EU businesses, undermining their global competitiveness.

The EBF welcomes the publication of the Market Infrastructure Package (MIP). By addressing key sources of persisting fragmentation, the Package creates an opportunity to develop even better conditions for markets to operate on a greater scale and efficiency. In doing so, the MIP prepares the ground for ambitious, demand-oriented reforms to maximize their potential to the markets.

The European Banking Federation (EBF) welcomes the opportunity to provide feedback on the Call for Evidence on the European Commissions Action Plan on Fighting Online Fraud. The EBF is the voice of the European banking sector which already invests heavily in fraud prevention and control.

The European Banking Federation (EBF) welcomes the opportunity to provide additional input on the Commissions proposal for Business in Europe: Framework for Income Taxation (BEFIT). EBF is supportive, in principle, of the idea of comprehensive and uniform European tax regulation, particularly one that aims to address cross-border obstacles in the corporate tax field.

Banks are central to the functioning of the Automatic Exchange of Information (AEOI) system, as they carry out due diligence and reporting obligations that enable tax authorities to combat tax evasion. Global and EU tax transparency rests on a dense framework combining FATCA, the OECDs Common Reporting Standard (CRS), the Crypto-Asset Reporting Framework (CARF), and the EU Directive on Administrative Cooperation…

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group, ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Banking Federation supports the initiative to make permanent the current transitory prudential treatment for securities financing transactions (SFT) and unsecured transactions with a residual maturity of less than six months, with financial customers, for the purpose of the Net Stable Funding Ratio (NSFR).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).

The European Credit Sector Associations (European Association of Co-operative Banks, European Banking Federation, and European Savings and Retail Banking Group - ECSAs) are supportive of the ambition to establish a coherent Europe-wide framework for digital identity (eIDAS 2.0).