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BNP PARIBAS

BNPP

BNP Paribas is a leading European bank operating in 64 countries with a focus on commercial and investment banking.

Lobbying Activity

Meeting with Almoro Rubin De Cervin (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Fédération bancaire française and

15 Jan 2026 · Banking issues

Meeting with Stéphane Séjourné (Executive Vice-President) and

18 Dec 2025 · Competitiveness of the banking sector

Response to Delegated Act on the own funds requirements for market risk

16 Dec 2025

We are welcoming the consultation on a potential adoption of an European Commission third Delegated Regulation with respect to the European Unions prudential framework for market risk. However, we are strongly favouring a postponement of the FRTB, the only way to achieve the stated objective (level playing field with other jurisdictions) in a simple way; something that cannot be done via a Delegated Regulation under the mandate of CRR article 461a. It requires therefore a Legislative Proposal at the earliest possible time. --- As expressed in the 3rd DA consultation paper, a continued delay in other major jurisdictions led the Commission to delay the start of application of the market risk requirements by one year twice. This was to avoid significant competitive disadvantages for EU banks trading activities. The Commission is acknowledging ongoing uncertainty about the implementation timeline and final rules in other jurisdictions. Specifically: (i) In the UK, Basel 2.5 IMA banks, i.e. those internationally active, may continue using their current market risk capital requirements until 1st of January 2028. (ii) In the US, progress has been slow, and the Basel 3 Endgame Re Proposal has not yet been released. Considering the time necessary for the consultation process, the finalisation of the rules and operational implementation, FRTB is unlikely to be applicable before 2028. --- Facing a similar situation as in 2024 and 2025, the same logic should once again apply: the distortion of the level playing field resulting from differences in the international timeline should be addressed with a postponement of the FRTB application in the European Union. This solution bears many advantages: (i) Not only is it consistent with the root cause of the level playing field issue, and with the intention of the co-legislators, but it is also the simplest route to address it. (ii) A delay removes the need to define temporary measures which would entail many elements of complexity in their calibration and may not reflect well the final rules that will apply at the end of the transitional period. (iii) It also addresses the complexity and costs resulting from changes in the trading book / banking book boundary, since the new boundary definition is to be applied alongside the FRTB rules. --- In the spirit of Article 461a CRR, all temporary measures adopted by the Commission aim ensuring a level playing field with third countries, in terms of impact on own funds requirements and as regards the date of application. We appreciate that the empowerment of the Commission only allows a postponement by up to two years which have now been exhausted. Article 461a also mandates the Commission to submit a legislative proposal where it has adopted Delegated Acts to avoid any distortion in the level playing field, where appropriate to do so. --- In the prevailing context, unforeseen at the time CRR3 was adopted, and whereas the UK and US have deferred FRTB both content and application to a later date, the EBA report scheduled for July 2026 on the implementation of international standards on own funds requirements for market risk in third countries would be baseless and useless as the basis for the submission of a legislative proposal. --- We therefore urge the Commission to submit a legislative proposal at the earliest possible date, to delay FRTB go-live until other key jurisdictions apply the new market risk rules. Other temporary measures would prove unnecessary if FRTB is delayed. We are convinced that a delay is the simplest solution to alleviate level-playing field issues.
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Meeting with Pascal Canfin (Member of the European Parliament)

15 Dec 2025 · SFDR

BNP Paribas calls for simpler EU green taxonomy reporting

5 Dec 2025
Topic — This consultation reviews technical screening criteria for the EU taxonomy climate delegated act.
Message — The bank requests a simplified approach for household and local government loans. They propose removing complex 'do no significant harm' requirements for retail financing. They suggest a centralized database for building energy performance benchmarks.12
Why — These changes would reduce the administrative burden and operational costs for the bank.3
Impact — Environmental groups lose data transparency regarding the full impact of retail investments.4
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Meeting with Almoro Rubin De Cervin (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Fédération bancaire française and

27 Nov 2025 · Securitisation issues

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Société Générale and Crédit Agricole S.A.

22 Oct 2025 · Securitisation

Meeting with Yann Germaine (Acting Head of Unit Financial Stability, Financial Services and Capital Markets Union)

21 Oct 2025 · CMDI review

Meeting with Emiliano Tornese (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

10 Oct 2025 · Public Affairs Seminar session on the Commission work on NBFI macroprudential framework

Meeting with Almoro Rubin De Cervin (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

9 Oct 2025 · FRTB and simplification

Meeting with Sven Gentner (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and European Fund and Asset Management Association

7 Oct 2025 · CSRD/ESRS

Meeting with Ralf Seekatz (Member of the European Parliament, Rapporteur) and Société Générale

7 Oct 2025 · Verbriefung

Meeting with Almoro Rubin De Cervin (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Crédit Agricole S.A. and

2 Oct 2025 · Operational Risk

Meeting with Jung-Duk Lichtenberger (Acting Head of Unit Financial Stability, Financial Services and Capital Markets Union)

2 Oct 2025 · Defense financing

Response to European Innovation Act

1 Oct 2025

Despite the EUs ambition to create a single market, startups and scaleups still face a fragmented regulatory and business environment. Each member state interprets and implements EU recommendations differently, resulting in 27 variations of company law, tax rules, and investment frameworks. This fragmentation slows down growth, increases compliance costs, and often forces founders to relocate rather than scale across borders. Instead of benefiting from the full potential of a 450-million consumer market, European startups are trapped in national silos that limit their competitiveness against the U.S. or Asia. A unified approach is urgently needed to unlock the EUs innovation potential in areas such as: 1. Legal: introducing a single, opt-in EU corporate regime for startups (an EU-Inc / simplified SE-style vehicle), 2. Tax: Harmonizing early-stage tax & VAT rules plus generous R&D/tax-loss rules, 3. Infrastructure: building pan-EU sovereign-friendly cloud and compute infrastructure and startup credits, and 4. Finance: expanding EU-level, market-friendly growth finance (venture debt facilities, standardized convertible instruments, pan-EU crowdfunding and matching public co-investments).
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Meeting with Stephen Nikola Bartulica (Member of the European Parliament) and Société Générale

30 Sept 2025 · Digital euro

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament)

25 Sept 2025 · SIU

Meeting with Pascal Canfin (Member of the European Parliament) and Société Générale

24 Sept 2025 · Verdissement des flottes

Meeting with Philippe Lamberts (Principal Adviser Inspire, Debate, Engage and Accelerate Action)

18 Sept 2025 · Lunch discussion with Chairman of the Board of BNPP-Fortis

Meeting with Cristina Dias (Cabinet of Commissioner Maria Luís Albuquerque)

11 Sept 2025 · Discussion on bank markets developments

Meeting with Maria Luís Albuquerque (Commissioner) and

11 Sept 2025 · Exchange of views with EU financial institutions in Japan

BNP Paribas affiliate Arval urges incentives over mandatory vehicle targets

8 Sept 2025
Topic — The EU is proposing minimum requirements to increase zero-emission vehicles in corporate fleets.
Message — Arval rejects mandatory targets for leasing companies, arguing that customers drive demand. They propose focusing on financial incentives and improving charging infrastructure to support market-driven choices.12
Why — Market-driven incentives allow Arval to avoid financial losses from rapidly depreciating electric vehicle fleets.3
Impact — The environment and European competitiveness suffer if mandates force businesses toward older, polluting vehicles.4
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BNP Paribas urges lower capital charges for insurance investments

5 Sept 2025
Topic — An initiative updating technical rules for prudential standards in the insurance sector.
Message — BNP Paribas requests using a five-year duration for long-term equity investments. They also recommend lowering capital charges for securitisation to encourage investment.123
Why — These changes would lower capital costs and increase investment profitability for insurers.4
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Meeting with Stéphane Séjourné (Executive Vice-President) and

5 Sept 2025 · - Compétitivité des entreprises - Marché intérieur - Protection de la souveraineté et du pouvoir d’achat - Relation US/EU

Response to Heavy Duty Vehicles CO2 and fuel consumption certification

15 Jul 2025

We welcome the Commissions June 17th holistic initiative for revitalizing the EU securitisation market and its clear willingness to act on several fronts to achieve the intended result; in particular, the determination to amend the LCR Delegated Regulation as regards the eligibility of securitisations in the liquidity buffer of banks is an essential move in the right direction. We concur with the Commissions aim to further incentivise the diversification in the EU institutions liquidity buffers and to further support the liquidity and depth of EU securitisations markets, noting that today, securitisations represent less than 1% of the EU banks' HQLA, leaving untapped a huge potential in term of investment pool. We view positively the proposals regarding the broadening of eligible ratings (from AAA to A-) with differentiated haircuts, the deletion of the maximum remaining average life criteria and the removal of restrictions on eligible underlying assets. The newly introduced concept of resilient positions sets a meaningful approach to reflect the intrinsic quality of securitisation positions in the LCR context. However, to create the conditions for banks to decisively increase their involvement as key secondary market participants on this asset class, additional targeted improvements are necessary. This is all the more important as a liquid secondary market is a pre-condition to attract new classes of investors, such as insurers. First, senior STS positions deserve to be upgraded above the proposed unchanged Level 2B. The risk profile of high-quality cash securitisations is similar to covered bonds (but without exposure to the issuing bank). Recent evidence shows that senior tranches of securitisations display a good level of market liquidity and stress resilience; during the 2022 UK Gilt Crisis, well-rated securitisations were actively traded at a comparatively stable price in the context of massive surge of volatility. This liquidity is notably explained by their floating rate coupons, as opposed to the fixed-rate nature of most debt securities eligible to the liquidity buffer. Of note, the repo market on senior tranches, especially when eligible to ECB open market operations, has been consistently active for decades. Hence, we propose to upgrade (a) senior Resilient STS tranches to level 1B with a corresponding 7% haircut, (b) senior Non-Resilient STS tranches rated AA- or better to level 2A with a corresponding 15% haircut and (c) other senior STS tranches rated A- to A+ remaining in 2B with an improved 30% haircut. This should help the EU STS regime become more appealing to banks as investors as it would qualify to HQLA with risk-appropriate haircuts. Second, senior non-STS positions should not remain entirely excluded from the HQLA, this status being an unintended consequence of the introduction of the EU STS label. At least Resilient non-STS securitisations deserve to be HQLA eligible, as by construction, they embed limited risk. We thus ask that Resilient Non-STS senior tranches be upgraded to level 2A with a 15% haircut if rated AA- or better, and to level 2B with a 30% haircut if rated from A- to A+. Finally, as a general safeguard, we propose to introduce a dedicated sub-cap of 15% within each 1B and 2A levels, for corresponding eligible positions. In addition, for these 2 levels, the issue size of eligible tranches should be at least EUR 250M. Yet, improved LCR treatment is not sufficient per se to encourage banks to invest their HQLA buffer in securitisation. Beyond simplifying due diligence requirements and improving the capital treatment for banks, the definition of resilient securitisation positions introduced in CRR must also be workable from a liquidity management point of view: the requirement to verify the resilience qualification throughout the life of the position should be removed, as it would generate potential volatility in HQLA eligibility conditions and additional monitoring burden.
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BNP Paribas urges flexible investment wrappers to boost retail markets

7 Jul 2025
Topic — EU initiative to create a blueprint for savings and investment accounts across Europe.
Message — Replace the term "account" with "wrapper" to reflect diverse financial products. Use a Recommendation to allow Member States to adapt national frameworks. Include diverse assets like equity, bonds, and securitisations.123
Why — A non-legislative approach avoids long approval processes and protects existing national banking structures.45
Impact — Consumers face a fragmented market because of the emphasis on diverse national specificities.6
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Meeting with Gilles Boyer (Member of the European Parliament)

2 Jul 2025 · Securitisation

Meeting with Philippe Lamberts (Principal Adviser Inspire, Debate, Engage and Accelerate Action)

30 Jun 2025 · Meeting was with the "Entreprise et Société" group of Belgian CEOs amongst which those of BNP-Paribas-Fortis, Ackermans-Van Haren, Carmeuse, Topic was the challenges facing the EU at the moment.

Meeting with Stéphane Séjourné (Executive Vice-President) and

26 Jun 2025 · Compétitivité; relations USE-UE, CSRD/CS3D, Simplification

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Société Générale

24 Jun 2025 · Digital Euro

Meeting with Nicolo Brignoli (Cabinet of Commissioner Valdis Dombrovskis) and Société Générale

24 Jun 2025 · Payments

Meeting with Lauro Panella (Cabinet of Commissioner Maria Luís Albuquerque)

5 Jun 2025 · Securitization Package

BNP Paribas urges EU to simplify sustainable finance rules

30 May 2025
Topic — The consultation reviews EU rules on sustainable finance disclosure to simplify the framework.
Message — BNP Paribas suggests replacing current fund classifications with simpler product categories. They want shorter disclosures and alignment across all EU sustainability regulations.123
Why — Standardized categories would reduce the bank's operational costs and simplify client communications.4
Impact — Index providers face new burdens while non-sustainable funds lose marketing privileges.56
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Meeting with Thomas Pellerin-Carlin (Member of the European Parliament)

15 May 2025 · European leasing

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Banco Santander, S.A. and

14 May 2025 · Informal Workshop on the integration of EU capital market

Meeting with Martin Merlin (Director Financial Stability, Financial Services and Capital Markets Union) and European Banking Federation

28 Apr 2025 · Exchange of views on the Savings and Investments Union package and other topics

Meeting with Tiemo Wölken (Member of the European Parliament) and Société Générale and EURALIA

28 Apr 2025 · Social leasing programmes for e-mobility with ARVAL and Ayvens (staff level)

Meeting with Yann Germaine (Acting Head of Unit Financial Stability, Financial Services and Capital Markets Union)

22 Apr 2025 · Exchange of views on the revision of the Crisis Management and Deposit Insurance framework (CMDI)

Meeting with Damian Boeselager (Member of the European Parliament) and Société Générale and

15 Apr 2025 · French Economy

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

10 Apr 2025 · Simplification (in the margins of Eurofi)

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

10 Apr 2025 · CMDI

Meeting with Didier Millerot (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

1 Apr 2025 · Omnibus and others

Meeting with Matthieu Moulonguet (Cabinet of Commissioner Wopke Hoekstra) and Société Générale

28 Mar 2025 · Car leasing and decarbonisation agenda

Meeting with Arthur Corbin (Cabinet of Executive Vice-President Stéphane Séjourné) and Société Générale

28 Mar 2025 · Greening Corporate Fleets

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and

12 Mar 2025 · Financial services policy

Response to Savings and Investments Union

7 Mar 2025

As a major diversified financial group involved in retail markets, corporate and investment banking, asset management, wealth management and insurance, BNP Paribas welcomes the Commissions initiative to launch the SIU. 1) The role of EU banks: There can be no thriving SIU without strong and competitive EU banks. Beyond their role in the provision of credit, banks are also key intermediaries in capital markets, providing liquidity, risk management, custody and other services to market participants, and are crucial in guiding the savings of their retail and corporate clients. With EU banks now safe and robustly capitalized, the priority must turn to improving their competitiveness, restoring their market share vs foreign market participants and enabling them to play their full part in the EU strategic transitions. 2) Securitisation: Reviving the EU securitisation market is a major and urgent priority. As per C. Noyers estimates, securitisation could progressively generate 250 to 500 bn in additional private financing per year. We call for an ambitious review of the Securitisation regulatory framework and urge the Commission to keep up with the expectations of both issuers and investors in its upcoming legislative proposal. 3) Savings: A better participation of retail investors in capital markets requires a wide product spectrum with a balance of performance objectives and complexity adapted to their needs, with costs consistent with the value delivered by the products. Retail investors low participation, besides an aversion to risk and poor financial literacy also results from a comparatively favorable framework for short term savings and the burden of investors journey, further aggravated should the RIS end up in additional tests and documents. The SIU must encourage action by willing Member States in favor of long-term investments predominantly invested in Europe. By leveraging on existing best practices, they could adapt their frameworks to host other national or EU-wide investment products. These initiatives should respect a few common principles identifying them as favorable to the financing of the EU economy (label concept); in particular, they should benefit from the best tax regime specific to each country. Enhanced participation of retail investors would boost the equity market and in turn encourage more SMEs to access listed stock markets through IPOs. 4) Post-trading, market infrastructures, tokenisation: With more than 30 Central Securities Depositories in the EU versus 1 in the US, the rationalisation of the post-trade framework is key. Financial assets are split across multiple platforms and inefficiencies of post-trade operations drive high frictional costs. To address this, we need to facilitate competition between FMIs through cost comparability and freedom in choice of issuance location, harmonise operational processes for all FMIs and expand Target 2-Securities for all CSDs and currencies, further align regulatory frameworks as regards shareholder rights, tax procedures, insolvency and settlement finality and explore the tokenisation of financial markets, which requires a settlement solution in central bank money. 5) Regulation and supervision: We support a single rulebook and further supervisory harmonisation, potentially leading to a single supervision for market infrastructures with significant cross border operations, securities issuance, IPOs and public M&A. Competitiveness of EU markets and financial industry should be introduced in all ESAs mandates including ESMAs, as it is the case for US and UK financial regulators. Level 2 rules should be developed with appropriate impact studies for affected players, notably their ability to compete in the global market. ESAs should be empowered to temporarily suspend the application of provisions in EU law in specific circumstances, ESMA namely being expected to act in case of unforeseen disruptions or competition risks detrimental to EU markets
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Meeting with Maria Luís Albuquerque (Commissioner) and

3 Mar 2025 · Meeting to discuss upcoming developments

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Deutsche Bank AG and

13 Feb 2025 · Discussion on level 2 measures on transparency requirements for equity and non-equity instruments, synchronisation of business clocks, transaction reporting and best execution

Meeting with Dirk Gotink (Member of the European Parliament)

5 Feb 2025 · Omnibus, retail investment strategy, CMU

Meeting with Fernando Navarrete Rojas (Member of the European Parliament, Rapporteur) and Amazon Europe Core SARL

30 Jan 2025 · Euro Digital

Meeting with Ugo Bassi (Director Financial Stability, Financial Services and Capital Markets Union) and

30 Jan 2025 · Capital Requirements Regulation

Meeting with Helene Bussieres (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

27 Jan 2025 · Sustainable Finance Disclosure Regulation review

Meeting with Wouter Beke (Member of the European Parliament)

16 Jan 2025 · Europese uitdagingen van de financiële sector

Meeting with Aurore Lalucq (Member of the European Parliament, Committee chair)

16 Jan 2025 · FRTB, Titrisation

Meeting with Helena Hinto (Cabinet of Commissioner Apostolos Tzitzikostas) and Société Générale

15 Jan 2025 · Clean corporate fleet

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Association for Financial Markets in Europe and The Goldman Sachs Group, Inc.

14 Jan 2025 · Commodity derivatives

Meeting with Jennifer Robertson (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Deutsche Bank AG and BANCO BILBAO VIZCAYA ARGENTARIA

10 Jan 2025 · EMIR

Meeting with Maria Raffaella Assetta (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Insurance Europe and

9 Jan 2025 · EU-UK Financial Regulatory Forum

Meeting with Irene Tinagli (Member of the European Parliament)

12 Dec 2024 · Courtesy meeting

Meeting with Magda Kopczynska (Director-General Mobility and Transport) and TotalEnergies SE and

6 Dec 2024 · Investments in sustainable liquid fuels production in the EU

Meeting with Luděk Niedermayer (Member of the European Parliament, Rapporteur) and Deutsche Bank AG and

22 Nov 2024 · CMDI package

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Deutsche Bank AG and Intesa Sanpaolo

21 Nov 2024 · CMDI

Meeting with Kira Marie Peter-Hansen (Member of the European Parliament) and Deutsche Bank AG and Banco Santander, S.A.

19 Nov 2024 · CMDI

Meeting with Irene Tinagli (Member of the European Parliament, Rapporteur) and Deutsche Bank AG and

19 Nov 2024 · Meeting on banking issues

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

7 Nov 2024 · CMDI

Meeting with Gilles Boyer (Member of the European Parliament)

13 Sept 2024 · ECON files

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament)

12 Sept 2024 · Capital Markets Union and Retail Investment Strategy

Meeting with Aleksandra Baranska (Cabinet of Vice-President Maroš Šefčovič), Juraj Nociar (Cabinet of Vice-President Maroš Šefčovič) and

12 Jun 2024 · Decarbonization of road transport

Meeting with Irene Tinagli (Member of the European Parliament, Committee chair)

11 Apr 2024 · Meeting on Banking Issues

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

11 Apr 2024 · DTO exemption Indian CCPs NSFR

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament, Rapporteur) and Société Générale and

22 Feb 2024 · Retail investment Strategy

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

22 Feb 2024 · Capital Market Union and Retail Investment Strategy.

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness) and Fédération bancaire française and

21 Feb 2024 · priorities of the next Commission

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

19 Feb 2024 · CRR

Meeting with Pascal Canfin (Member of the European Parliament)

13 Feb 2024 · Green Deal

Meeting with Gert Jan Koopman (Director-General Enlargement and Eastern Neighbourhood)

21 Dec 2023 · financing renewable energy

Meeting with Michael Hager (Cabinet of Executive Vice-President Valdis Dombrovskis)

13 Dec 2023 · Exchange of views on EU banking and finance policy, including the Basel III legislation.

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

13 Dec 2023 · Basel III standards' implementation

Meeting with Ditte Juul-Joergensen (Director-General Energy) and Deutsche Bank AG and

29 Nov 2023 · Energy transition

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

28 Nov 2023 · EMIR 3 Indian CCPs, Settlement efficiency Retail Investment Strategy

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

26 Oct 2023 · CRR3

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Banco Santander, S.A. and American Express Corporation

25 Oct 2023 · Digital euro

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

20 Oct 2023 · CRR3

Meeting with Pascal Canfin (Member of the European Parliament)

16 Oct 2023 · Green Deal

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and International Swaps and Derivatives Association and Osttra Group

22 Sept 2023 · MIFIR OTC derivatives identifiers, EU capital markets and their regulatory framework

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

12 Sept 2023 · CRR

BNP Paribas warns against ban on investment commissions

28 Aug 2023
Topic — EU policy proposal to boost retail participation and transparency in capital markets.
Message — BNP Paribas considers the proposed partial ban on commissions unjustified and harmful to personalized advice. They argue that current distribution models providing access to various services should be maintained.12
Why — This would allow the bank to protect its existing commission-based revenue and infrastructure.3
Impact — Investors might see fewer product choices and face higher costs for professional advice.4
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BNP Paribas urges EU to align sustainability reporting rules

7 Jul 2023
Topic — The consultation concerns new mandatory standards for companies reporting environmental and social impacts.
Message — BNP Paribas supports allowing companies to omit non-essential information based on importance. They urge the Commission to align other financial regulations with this approach to prevent inconsistent reporting requirements.12
Why — Alignment would lower compliance costs and reduce liability risks from using estimated data.34
Impact — Banks and businesses lose resources for green projects due to conflicting reporting obligations.5
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Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

30 Jun 2023 · CCR3

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

2 Jun 2023 · CRR3

Meeting with Kathleen Van Brempt (Member of the European Parliament) and Universiteit Antwerpen

25 May 2023 · Green transition of the maritime sector

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

25 Apr 2023 · CRR3

Meeting with Gilles Boyer (Member of the European Parliament)

29 Mar 2023 · Euro numérique

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Banking Payments Federation Ireland

14 Mar 2023 · CRR3 (staff)

Meeting with Axel Voss (Member of the European Parliament, Shadow rapporteur) and BUSINESSEUROPE and

8 Mar 2023 · Corporate Sustainability Due Diligence

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

20 Feb 2023 · CCP UK / India Retail Investment Strategy

Meeting with Valdis Dombrovskis (Executive Vice-President) and Fédération bancaire française

20 Feb 2023 · Banking Union / Retail Investment Strategy / Digital Euro

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

10 Feb 2023 · CRR3 (staff)

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

9 Feb 2023 · CMU

Meeting with Irene Tinagli (Member of the European Parliament, Committee chair) and Intesa Sanpaolo

16 Jan 2023 · Meeting on Banking Issues

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

19 Dec 2022 · CRR3 (staff)

Meeting with Tommy De Temmerman (Cabinet of Commissioner Mairead Mcguinness) and Commerzbank AG

16 Nov 2022 · Transparent and standardised securitisation

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis) and Commerzbank AG

16 Nov 2022 · Securitisation

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

9 Nov 2022 · Indian CCPs

Meeting with Tommy De Temmerman (Cabinet of Commissioner Mairead Mcguinness) and Fédération bancaire française and

9 Nov 2022 · Preparation of the meeting between Commissioner McGuinness and the CEOs of French banks

Meeting with Axel Voss (Member of the European Parliament, Shadow rapporteur) and EUROPEAN TRADE UNION CONFEDERATION and

7 Nov 2022 · Corporate Sustainability Due Diligence

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

25 Oct 2022 · CRR3 (staff)

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

14 Oct 2022 · CRR3 (staff)

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and UniCredit

28 Sept 2022 · CRR3 (staff)

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

28 Sept 2022 · DTO CCPs

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness), Katherine Power (Cabinet of Commissioner Mairead Mcguinness) and European Banking Federation

21 Sept 2022 · Energy market liquidity measures

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis) and European Banking Federation

21 Sept 2022 · energy market liquidity measures

Meeting with Valeria Miceli (Cabinet of President Ursula von der Leyen) and European Banking Federation

21 Sept 2022 · BNP Paribas views on potential price caps and liquidity measures in the context of the energy crisis

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

9 Sept 2022 · CRR3 (staff)

Meeting with Mairead McGuinness (Commissioner) and

8 Sept 2022 · Basel III

Meeting with Frans Timmermans (Executive Vice-President) and Deutsche Bank AG and

6 Sept 2022 · Energy situation in the EU; financing of the green transition

Meeting with Julia Lemke (Cabinet of Commissioner Paolo Gentiloni), Sophie Dewispelaere (Cabinet of Commissioner Paolo Gentiloni)

6 Jul 2022 · Exchange of views on energy security and impact on the European economy.

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

7 Jun 2022 · CRR (staff)

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

5 Apr 2022 · CCPs

Response to Alternative Investment Fund Managers – review of EU rules

18 Mar 2022

Dear all, Please find attached the feedback of BNP Paribas Asset Management on the European Commission's text proposal on the AIFM Directive review. Kind regards, Laurence Caron Habib Head of Public Affairs BNP Paribas Asset Management
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Meeting with Aliénor Margerit (Cabinet of Commissioner Paolo Gentiloni), Julia Lemke (Cabinet of Commissioner Paolo Gentiloni)

16 Mar 2022 · Discussion on the financing of the green transition.

Meeting with Aliénor Margerit (Cabinet of Commissioner Paolo Gentiloni)

16 Mar 2022 · financial issues (?)

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

24 Feb 2022 · Capital Market Union Sustainability

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

2 Dec 2021 · G-SIB

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness) and Association Française des Marchés Financiers and Viel & Cie

10 Nov 2021 · CMU, MiFIR review, clearing

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness) and Société Générale

25 Oct 2021 · Brexit, DTO, CCPs

Meeting with Gert Jan Koopman (Director-General Budget)

12 Oct 2021 · NGEU

Meeting with Maarten Verwey (Director-General Economic and Financial Affairs)

11 Oct 2021 · Meeting with Jacques de Larosière, Adviser at BNP Paribas

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and AMUNDI AM and

11 Oct 2021 · Retail Investment Strategy

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and Association Française des Marchés Financiers and

29 Sept 2021 · MiFID/MiFIR

Meeting with Valdis Dombrovskis (Executive Vice-President) and Deutsche Bank AG and

23 Sept 2021 · Economic recovery; Situation of the EU financial sector; sustainable finance

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

10 Sept 2021 · Basel III

Meeting with Mairead McGuinness (Commissioner) and

9 Sept 2021 · economic outlook, Basel III, Banking Union

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis)

15 Jul 2021 · Sustainable Finance, Green Bonds

Meeting with Katherine Power (Cabinet of Commissioner Mairead Mcguinness)

15 Jul 2021 · Sustainable Finance, Green Bonds

Meeting with Axel Voss (Member of the European Parliament)

1 Jul 2021 · Artificial Intelligence and Financial Services

BNP Paribas Urges Phased-In Reporting for EU Green Taxonomy

2 Jun 2021
Topic — The consultation defines how financial institutions must report their alignment with sustainable investment rules.
Message — BNP Paribas requests a logical sequence where financial institutions report twelve months after their clients. They advocate for a building blocks approach focused on core lending and investment indicators.12
Why — A delay would prevent insurmountable obstacles and mitigate legal risks from using unverified estimates.34
Impact — Investors lose immediate access to standardized sustainability data due to proposed reporting delays.5
Read full response

Meeting with Olivier Guersent (Director-General Competition)

2 Jun 2021 · Overall discussion on financial services

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis), Michael Hager (Cabinet of Executive Vice-President Valdis Dombrovskis) and

1 Jun 2021 · Current issues in finance services policy

Meeting with Antoine Colombani (Cabinet of Executive Vice-President Frans Timmermans) and Fédération bancaire française

26 May 2021 · Sustainable finance

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis) and Association for Financial Markets in Europe

5 May 2021 · Basel implementation, sustainable finance

Meeting with Tommy De Temmerman (Cabinet of Commissioner Mairead Mcguinness)

28 Apr 2021 · Open Strategic Autonomy

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis)

28 Apr 2021 · Basel implementation

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and Association for Financial Markets in Europe and

27 Apr 2021 · MiFIR, EU/UK regulatory and Secondary market liquidity

Meeting with Aliénor Margerit (Cabinet of Commissioner Paolo Gentiloni)

23 Apr 2021 · Basel 3.5 implementation

Meeting with Andrea Beltramello (Cabinet of Executive Vice-President Valdis Dombrovskis) and Banco Santander, S.A. and

9 Mar 2021 · Basel III

Meeting with Tommy De Temmerman (Cabinet of Commissioner Mairead Mcguinness) and Banco Santander, S.A. and

10 Feb 2021 · Basel III

BNP Paribas urges flexible standards for sustainable investment taxonomy

18 Dec 2020
Topic — This consultation establishes criteria for identifying environmentally sustainable economic activities within the EU.
Message — The bank requests including Class B buildings and top 15% performers in the taxonomy. They also advocate for broadening the scope to include manufacturing supply chains. Finally, they recommend removing mandatory OpEx disclosures and specific insurance pricing rules.123
Why — Including more building classes prevents a massive drop in green bond eligibility.4
Read full response

Meeting with Jérome Deslandes (Cabinet of Executive Vice-President Valdis Dombrovskis), Michael Hager (Cabinet of Executive Vice-President Valdis Dombrovskis)

17 Nov 2020 · Financial services

Meeting with Johannes Hahn (Commissioner)

30 Sept 2020 · MFF and COVID Recovery Plan

Meeting with Gert Jan Koopman (Director-General Budget)

9 Sept 2020 · introductory call/ exchange on the recent economic and policy developments

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

31 Mar 2020 · New prudential rules and the impact on the current economic environment

Meeting with Jérome Deslandes (Cabinet of Executive Vice-President Valdis Dombrovskis), Michael Hager (Cabinet of Executive Vice-President Valdis Dombrovskis) and

21 Jan 2020 · Implementation of Basel III; Banking Union; Deposit Guarantee Scheme

Meeting with Andrea Beltramello (Cabinet of Vice-President Valdis Dombrovskis), Elina Melngaile (Cabinet of Vice-President Valdis Dombrovskis), Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis) and

11 Oct 2019 · Instant payments

Meeting with Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis), Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

2 Apr 2019 · General discussion about financial services regulation

Meeting with Elina Melngaile (Cabinet of Vice-President Valdis Dombrovskis) and Deutsche Bank AG and

20 Sept 2018 · Cyber Security and FinTech

Meeting with Andrus Ansip (Vice-President) and

4 Sept 2018 · Data protection, free flow of data, research programmes

Meeting with Valdis Dombrovskis (Vice-President) and Deutsche Bank AG and

1 Dec 2017 · Introductory remarks and roundtable with EU financial industry and AFISMA/European Chamber of Commerce on financial reforms and banking union

Meeting with Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis)

29 Nov 2017 · CRR; FRTB

Meeting with Olivier Guersent (Director-General Financial Stability, Financial Services and Capital Markets Union)

17 May 2017 · EBF Forum

Meeting with Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

17 May 2017 · Financial services agenda

Meeting with Nils Behrndt (Cabinet of Vice-President Neven Mimica)

16 May 2017 · European External Investment Plan

Meeting with Christian Linder (Cabinet of Vice-President Maroš Šefčovič)

10 May 2017 · Investment in enegy efficiency and smartening of cities

Meeting with Karmenu Vella (Commissioner) and

2 May 2017 · Blue Economy Financing Principles

Meeting with Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis)

6 Feb 2017 · CRR; CRD

Meeting with Ioana Diaconescu (Cabinet of Commissioner Pierre Moscovici)

14 Nov 2016 · CCR / CRD4review

Meeting with Kai Wynands (Cabinet of Vice-President Valdis Dombrovskis)

28 Sept 2016 · Upcoming Basel standards and the revision of DRD/CRR and the G-SIB surcharge

Meeting with Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis)

16 Sept 2016 · CRR review/BSR

Meeting with Ioana Diaconescu (Cabinet of Commissioner Pierre Moscovici)

21 Jun 2016 · final calibration of Net Stable Funding ratio and Fundamental review of the trading book.

Meeting with Mette Toftdal Grolleman (Cabinet of Commissioner Jonathan Hill)

31 May 2016 · CRR review

Meeting with Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

18 May 2016 · current issues in the banking sector

Meeting with Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

4 Mar 2016 · Règlementation bancaire

Meeting with Andrus Ansip (Vice-President) and

19 Feb 2016 · Economic reforms-Estonian experience (interview to BNP Paribas Fortis)

Meeting with Olivier Guersent (Director-General Financial Stability, Financial Services and Capital Markets Union)

15 Feb 2016 · MREL and TLAC

Meeting with Olivier Guersent (Director-General Financial Stability, Financial Services and Capital Markets Union)

2 Feb 2016 · Fundamental Review of the Trading Book.

Meeting with Aare Järvan (Cabinet of Vice-President Andrus Ansip)

13 Jan 2016 · Interview with Mr Peter de Keyzer writing a book on why and how European Nations have reformed their economy and labour markets

Meeting with Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

30 Nov 2015 · Règlementation bancaire

Meeting with Joachim Balke (Cabinet of Vice-President Miguel Arias Cañete), Maria Cristina Lobillo Borrero (Cabinet of Vice-President Miguel Arias Cañete) and

24 Sept 2015 · High-Level Group on Energy Infrastructure in Europe

Meeting with Jonathan Hill (Commissioner)

10 Sept 2015 · Capital Markets Union & Banking regulation

Meeting with Mette Toftdal Grolleman (Cabinet of Commissioner Jonathan Hill)

17 Jun 2015 · Covered Bonds, Capital Markets Union

Meeting with Pierre Moscovici (Commissioner)

10 Jun 2015 · Plan Juncker; Gouvernance UEM

Meeting with Matthew Baldwin (Cabinet of Commissioner Jonathan Hill)

27 May 2015 · Financial Policy

Meeting with Valérie Herzberg (Cabinet of Vice-President Jyrki Katainen)

6 May 2015 · Securitisation

Meeting with Jan Ceyssens (Cabinet of Vice-President Valdis Dombrovskis)

6 May 2015 · Securitisation

Meeting with Pierre Moscovici (Commissioner)

27 Mar 2015 · Réforme bancaire et stabilité financière en Europe

Meeting with Jonathan Hill (Commissioner)

22 Jan 2015 · Financial Services Policy 2015 especially capital markets union

Meeting with Paulina Dejmek Hack (Cabinet of President Jean-Claude Juncker)

16 Jan 2015 · Priorities of the new Commission in the area of Financial Services