- Aktuelle Entwicklungen rund um den Digitalen Euro
- EU Green Bond Standard und EU Taxonomie
- Nachhaltige Produkte im Wertpapiervertrieb
In July 2021, the European Central Bank (ECB) decided to launch a digital euro project. In the run-up to the Governing Council's decision, the German banking industry (DK) had already taken a comprehensive look at the opportunities and functionalities of digital money and submitted a joint paper proposing how - beyond the digital euro - an ecosystem of innovative forms of money can be created and further developed.
Digital money offers new cooperation solutions for private and corporate customers as well as for interbank customers, which will be presented and discussed at the conference.
The following contents are discussed in the videos:
- Introduction to Blockchain and Distributed Ledger Technology.
- Practical use of digital money in industry and banking sector
- Digital central bank money for the end consumer (retail CBDC)
- Blockchain-based capital market business
- Digital central bank money in interbank business (wholesale CBDC).
- Linking blockchain-based business processes with conventional payment processes (trigger solution)
- Giro money token
Speakers include Alexander Bechtel (Deutsche Bank), Heinz-Günter Lux (Evonik Industries), Sebastian Kraft and Andreas Biewald (Commerzbank), Dr. Heike Winter and Dr. Martin Diehl (Bundesbank), Maximilian Forster (Cash on Ledger Technologies), Manfred Richels (UniCredit Bank), and Friederika Boehme, Miye Kohlhase and Albrecht Wallraf from the Association of German Banks.
The videos are moderated by Tobias Tenner (Association of German Banks).
With the introduction of so-called liquidity management tools into the German Investment Code in Q1 2020, German capital management companies will be able to introduce and use these tools in their daily practice. The introduction and use of these tools has an impact on the entire value chain - from the capital management company to the depositaries and custodians to the customer. Redemption restrictions (gating) pose particular challenges.
In order to facilitate the smooth introduction and use of redemption restrictions in the German market, the German banking industry, together with the German Association of the Fund Industry (BVI), has drawn up guidelines for the implementation of redemption restrictions. The Federal Financial Supervisory Authority (BaFin) was involved in the work. WM Datenservice, the data service provider assisting with the implementation, has announced that the technical requirements have been in place since the beginning of January 2022. Banks must therefore expect the introduction of redemption restrictions by German capital management companies from the new year.
In the video, the banking association (I) gives an overview of the liquidity management tools currently available, (II) presents the guidance developed and (III) gives an outlook on the introduction of further liquidity management tools.
The speaker will be Dr. Robert Piwowarski (Association of German Banks).
The video is primarily aimed at sales staff, employees of the legal departments and WpHG compliance.
For a future-oriented financial sector, sustainability is a key issue. As part of the measures of the action plan for financing sustainable growth and thus the European Green Deal, the EU Commission presented a proposal for a regulation for European green bonds (EU Green Bond Standard, EUGBS) on July 6, 2021.
The EUGBS joins already internationally recognized green bond standards used in practice (e.g. ICMA Green Bond Principles, Green Bond Initiative, etc.) and goes significantly beyond them with its requirements. The regulatory framework is intended to increase the transparency and uniformity of green bonds and, in particular, to prevent "greenwashing". The label "EU Green Bond" therefore refers to the EU taxonomy for sustainable economic activities. This is intended to make it easier for issuers to demonstrate that the green projects financed by the bond comply with the EU taxonomy. For investors, this should make it easier to assess the sustainability of their investment and thus reduce search costs.
The video will provide (1) an overview of green bonds, (2) an insight into the EU Commission's proposed regulation, and (3) an introduction to underlying principles of the EU taxonomy.
- Ann-Ulrike Henning, Association of German Banks
- René Lorenz, Association of German Banks
The event is aimed at employees from sales as well as the capital markets, sustainability and legal departments.
Following the introduction of MiFID II at the beginning of 2018, the securities business is once again facing an immense regulatory challenge: The Sustainable Finance Action Plan of the European Commission provides for numerous measures that require a fundamental adjustment of existing processes in securities distribution. Since March 10, 2021, the Disclosure Regulation, according to which company and product-related sustainability information must be disclosed, has already been applied. This will be followed in the summer of 2022 by the amendments to MiFID II, which provide for the query and consideration of clients' sustainability preferences in investment advice and asset management and a reclassification of sustainable financial instruments.
Although numerous but important regulatory details are still open, institutions already have to deal intensively with internal implementation.
In addition to the European requirements, however, there are also various national plans that may lead to additional requirements for securities sales.
In the video, the banking association will therefore (I) provide an overview of the current status of European sustainable finance regulation (MiFID II, SFDR, taxonomy), (II) discuss the central changes of the MiFID II regime and (III) how these can be implemented technically.
The speakers from the Association of German Banks are:
- Nikolai Lenarz, Head of Retail Banking and Consumer Protection
- Alissa Wiemann, Team Retail Banking and Consumer Protection
The event is primarily aimed at product managers, sales staff, representatives of legal departments and WpHG compliance.