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3rd of September 2025

German Banking Industry Committee on the amendment to the Telecommunications Act

Stronger measures against social engineering are needed

German Banking Industry Committee Cybersecurity
Diana Campar
Diana Campar

The German Banking Industry Committee (GBIC) has submitted a position paper as part of the current consultation on the amendment of the Telecommunications Act. In addition to the important goal of network expansion, the GBIC is calling for urgently needed measures to prevent fraud to be incorporated into law.

Specifically, this involves giving telecommunications companies the legal power to consistently block spoofing calls, use SMS content firewalls, and securely exchange fraud-related data with banks and other relevant parties.

GBIC Telecommunications Act

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Diana Campar

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Diana Campar

Banking Technology and Security

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16th of March 2026

GBIC comments on amending Delegated Regulation (EU) 2019/98

The German Banking Industry Committee (GBIC) welcomes the objective of revising Commission Delegated Regulation (EU) 2019/980 to simplify prospectus requirements, streamline their content and further standardise format and structure, thereby reducing administrative burdens for issuers, improving comparability for investors and strengthening access to EU capital markets.