Position paper on the role of promotional banks in the transition

Building a sustainable economy requires resilience to developments and external shocks, including environmental disasters, economic downturns, social disruptions, and climate change. The transition to a sustainable economy often requires significant upfront investments in infrastructure, technology and innovation. Promotional banks differ from normal banks in their targeted investments and their focus on social and ecological sustainability and economic development goals rather than purely financial profit maximisation: we call this impact finance.

Position paper on taxonomy and green bonds - amendments following EC notice

EAPB members support the aim of the EU Taxonomy Regulation (“EU Taxonomy”) and EU Green Bond Standard (“EU GBS”), which is to direct more capital towards sustainable economic activities. Due to their specific business model, European promotional and public banks are well positioned to play a key role in a fair and social transition to a more sustainable society. This is recognized by the European Commission which stated that “National promotional banks play an important role in catalysing long-term finance” in policy areas including climate change.

ECB public consultation on the guide on outsourcing cloud services to cloud service providers

EAPB comments on agricultural de minimis amending Regulation

European public promotional banks are key for supporting agriculture, a sector which is both suffering from climate change and making a major contribution to climate protection. Nearly 50% of our members (14/29) provide funding to farmers and more generally the agricultural sector which helps the sector undertake its transition to a more sustainable model. Agribusiness is not only of systemic importance during times of crisis but also an important problem solver in our quest for a sustainable economy and society.

EAPB response to ESAs DORA major incident reporting consultation

The European Supervisory Authorities (EBA, EIOPA and ESMA) have published the second batch of Consultation Papers on the mandates stemming from the Digital Operational Resilience Act (DORA) with the aim to collect market participants’ feedback on the proposed Draft Regulatory Technical Standards on the content of the notification and reports for major incidents and significant cyber threats.