WSBI-ESBG

📌 New publication alert! We are happy to announce the release of our new brochure, highlighting the incredible journey and impact of the World Savings and Retail Banking Institute (WSBI) as we celebrate our 100th anniversary! In this new publication, you will discover our: 🌍 Core Values 🤝 Global Network 📢 Initiatives & Partnerships 📈 Knowledge Exchange & Advocacy Efforts 🔗 Learn more and read the brochure

🚀 100 Days to Go! The clock to the #WSBI100Years and 27th #WSBIWorldCongress in Rome is ticking! ⏳ Come along to Rome for the #WSBI100Years celebrations and join us in commemorating a century of responsible banking and innovation. 👉 Seats are limited, book yours now https://wsbi-congress.org/ #ResponsibleBanking #WSBI2024

⏱100 Days to Go! The clock to the #WSBI100Years and 27th #WSBIWorldCongress in Rome is ticking! Come along to Rome for the #WSBI100Years celebrations and join us in commemorating a century of responsible banking and innovation. 👉 Seats are limited, book yours now https://wsbi-congress.org/ #ResponsibleBanking #WSBI2024

🎯 ESBG’s key takeaways from the ESAs joint opinion on SFDR published on 18 June 📅: 🔀 ESBG supports a SFDR review with simple and understandable instruments better reflecting the notion of transition 🌎 ESBG stresses the need to enhance legal clarity for key definitions, such as “sustainable investments” 🛍️ ESBG shares the need to implement consumer testing when developing policy options ❓ESBG is sceptical when it comes to a potential inclusion of new products in the scope 📈 ESBG is reluctant to introduce key adverse impact indicators for all financial products ▶️ Find more details about our position here: https://lnkd.in/eVaW8KrH ✉ Adrien Boudet

⚖ Balancing Transparency and Costs: ESBG's Response to IASB's New Proposals 📜   On 15 July, ESBG responded to IASB’s Exposure Draft on Business Combinations—Disclosures, Goodwill, and Impairment, as well as to EFRAG’s Draft Comment Letter (DCL) on Contracts for Renewable Electricity.   ↘️ Key Points on Business Combinations: ➡ Support for enhanced disclosures. ➡ Concerns over added complexity and costs. ➡ Emphasis on discretion for sensitive information. ➡ Advocacy for clear "synergy" definitions and questioning the cost-benefit of forward-looking information. ➡ Support for goodwill reallocation guidance, but opposition to extra disclosure requirements due to cost concerns. For more details, read the full ESBG position papers here: https://lnkd.in/estg9haJ   ↘️ Key Points on Renewable Electricity Contracts: 🟢 Clarification of own-use exemptions. 🟢 Support for hedge accounting. 🟢Recommendations for clear definitions and flexible purchase volumes to reflect company-specific needs. For more details, read the full ESBG position papers here: https://lnkd.in/ermaZ8GQ ✉ Andreea L.

🚀 Meet the keynote speakers of the once-in-a-century event! Come along to Rome on October 30-31 for the #WSBI100Years celebrations & 27th WSBI World Congress and hear from a stellar line-up of speakers from all corners of the globe! https://lnkd.in/eZ8HCh5w Haven't you registered yet? Secure your spot today! https://lnkd.in/ePhhjgAB Ministero dell'Economia e delle Finanze, European Investment Bank (EIB), The World Bank, The Elders Foundation, Banca d'Italia, United Nations Office for South-South Cooperation (UNOSSC) #WSBIWorldCongress #100YearsForwardTogether #WSBI2024

📢 27th WSBI World Congress: your gateway to century-old responsible banking heritage Stay abreast of global trends, explore innovative financial solutions for women-led SMEs, transform your retail banking strategy with AI insights, and delve into the role of financial education in service access. Join us at the 27th WSBI World Congress to discover how local markets can make a global impact. 👉 Have you registered yet? https://wsbi-congress.org/ #WSBI100Years #WSBIWorldCongress #ResponsibleBanking

📈 Strengthening the Capital Markets Union is key for Europe's competitiveness. Fostering retail investor engagement is also crucial for channeling private capital into green and digital transformations. In its latest position paper, ESBG advises careful consideration on several critical fronts, including but not limited to: • Increase Financial Literacy: Integrate financial literacy into educational curricula to enhance understanding of financial services and economics among EU citizens. • Build Stronger Commitment to CMU: Ensure Member States commit to a strategic vision for #CMU without overburdening regulatory initiatives, maintaining stability for European companies. • Analyze Tax Treatment: Conduct comprehensive analysis of fiscal rules across Member States to incentivize retail investor participation in financial markets, particularly for long-term investment products. • Promote EU Competitiveness: Implement legislative measures that support European financial market #competitiveness without disadvantaging EU firms against global competitors. • Keep Legal Framework Stable: Evaluate recent legislative changes to maintain stability and minimize disruptions in the European legal framework, essential for effective financial market operations. • Make Securitisation Workable: Support a balanced approach to #securitisation regulation that enhances market liquidity while ensuring prudent risk management. 💡 ESBG's position paper covers a wide range of considerations beyond those listed here, all aimed at shaping a robust #CapitalMarketsUnion that safeguards Europe's financial future, recognizing the indispensable role of banks in driving economic growth and innovation across the continent. 👉 Read the full position paper https://lnkd.in/gm675jCt 📩 Ines Scacchi

💡 The European Savings and Retail Banking Group (ESBG) is pleased to announce the appointment of Dominique Carriou, Head of Regulatory Affairs, to the European Banking Authority (EBA)'s Banking Stakeholder Group (BSG) for a four-year term until 2028. The Banking Stakeholder Group (BSG) is a key advisory group for the EBA's work on regulatory and implementing technical standards, guidelines, and recommendations. The BSG's main role is to facilitate consultations with stakeholders on matters related to the EBA's tasks. Specifically, the BSG advises on actions related to regulatory technical standards, implementing technical standards, guidelines, and recommendations, as long as these actions do not pertain to individual financial institutions. 👉 Read the press release https://lnkd.in/e4QBja4B

🤝 Connecting the past, present and the future WSBI has been at the forefront of #ResponsibleBanking for 100 years, serving 1.7 billion customers with an unwavering commitment to social responsibility and financial inclusion. As we gear up for the 27th #WSBIWorldCongress and centennial celebration, join us on 30-31 October in📍Rome to shape the future of banking. 👉 Book your seat https://wsbi-congress.org/ #100YearsForwardTogether #WSBI100Years #WSBI2024