EBF advisor: Roger Kaiser
Publication date: 7 September 2018
In its comments of 7 September 2018 on the OECD BEPS Discussion Draft on the transfer pricing aspects of financial transactions, the EBF emphasises that the banking sector is subject to extensive regulation (incl. capital, liquidity and leverage requirements). In the EBF’s view, the main purpose of the revised guidelines should be about improving the standard of non-banks treatment of financial transactions. Therefore, the Discussion Draft should not replace or conflict with the OECD 2010 Report on the attribution of profits to permanent establishments of banks. The EBF also calls for the guidelines to provide flexibility to Multinational Entreprises (MNEs) as far as the application of the separate entity approach for the risk assumption is concerned.
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Financing the twin transition will require major investments, but the European banking sector is constrained by a complex and more costly regulatory framework than its counterparts.
Read a new study by @OliverWyman here: https://www.ebf.eu/ebf-media-centre/new-study-outlines-path-to-unlocking-major-bank-financing-and-economic-growth/
📰EBF Weekly Brief + 🗓️FinAgenda starting 30 Jan
▶️ @Europarl_EN plenary session
▶️@ecso_eu Interreg Europe CYBER event
▶️@ftlive 'What skills do dealmakers need in a volatile M&A market?' event
🖇️https://mailchi.mp/ebf/weekly-financial-regulation-agenda-27-january
📰Morning Brief -🗓️Thu 26 Jan
➡️EU urges European banks to step up funding for minerals
➡️More EU banks will fail new IRRBB test as rates push upwards
➡️UK regulator criticizes City preparations for new consumer rules
🤝Members news: 🇫🇷🇫🇮🇳🇴
🖇️https://mailchi.mp/ebf/morning-brief-thursday-26-january
European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
Contact
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+32 2 508 37 11
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+49 69 17509942
Email:
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