European Banking Authority
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The European Banking Authority (EBA) is an independent regulatory agency of the European Union responsible for promoting effective and consistent prudential regulation and supervision of the banking sector within the EU. It was established in 2011 as part of the European System of Financial Supervision.
Harmonising banking regulation: The EBA contributes to the harmonisation of banking regulations and practices across EU member states. It develops technical standards, guidelines, and recommendations to ensure consistent application and interpretation of EU banking regulations, such as the Capital Requirements Directive and the Bank Recovery and Resolution Directive.
Prudential regulation and supervision: The EBA promotes effective prudential regulation and supervision of banks within the EU. It sets and monitors compliance with prudential standards, such as capital adequacy requirements (including Basel III), liquidity requirements, and risk management guidelines. The EBA also conducts stress tests to assess the resilience of EU banks to adverse economic scenarios.
Supervisory convergence: The EBA works to enhance convergence of supervisory practices among EU member states. It facilitates cooperation and coordination among national competent authorities in the supervision of banks, ensuring consistent application of regulatory requirements and sharing of information. The EBA develops and promotes common supervisory methodologies and standards.
Consumer protection and transparency: The EBA promotes consumer protection and transparency in the banking sector. It sets requirements for the provision of information to consumers, conducts consumer-oriented assessments, and promotes fair treatment of banking customers. The EBA also provides guidelines on complaints handling and develops consumer-friendly disclosure rules.
Resolution planning: The EBA contributes to the development of resolution frameworks for troubled banks. It develops standards and guidelines for resolution planning, including the creation of recovery and resolution plans for systemic banks. The EBA supports cross-border cooperation in the resolution of banking crises to ensure orderly resolution and minimise systemic risks.
International engagement: The EBA represents the EU in international discussions and initiatives related to banking regulation and supervision. It collaborates with other global standard-setting bodies, such as the Financial Stability Board and the Basel Committee on Banking Supervision, to contribute to the development of international standards and promote global financial stability.
The EBA works closely with national competent authorities and other EU bodies, such as the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority, to ensure the effective and coordinated regulation and supervision of the EU financial sector.
Harmonising banking regulation: The EBA contributes to the harmonisation of banking regulations and practices across EU member states. It develops technical standards, guidelines, and recommendations to ensure consistent application and interpretation of EU banking regulations, such as the Capital Requirements Directive and the Bank Recovery and Resolution Directive.
Prudential regulation and supervision: The EBA promotes effective prudential regulation and supervision of banks within the EU. It sets and monitors compliance with prudential standards, such as capital adequacy requirements (including Basel III), liquidity requirements, and risk management guidelines. The EBA also conducts stress tests to assess the resilience of EU banks to adverse economic scenarios.
Supervisory convergence: The EBA works to enhance convergence of supervisory practices among EU member states. It facilitates cooperation and coordination among national competent authorities in the supervision of banks, ensuring consistent application of regulatory requirements and sharing of information. The EBA develops and promotes common supervisory methodologies and standards.
Consumer protection and transparency: The EBA promotes consumer protection and transparency in the banking sector. It sets requirements for the provision of information to consumers, conducts consumer-oriented assessments, and promotes fair treatment of banking customers. The EBA also provides guidelines on complaints handling and develops consumer-friendly disclosure rules.
Resolution planning: The EBA contributes to the development of resolution frameworks for troubled banks. It develops standards and guidelines for resolution planning, including the creation of recovery and resolution plans for systemic banks. The EBA supports cross-border cooperation in the resolution of banking crises to ensure orderly resolution and minimise systemic risks.
International engagement: The EBA represents the EU in international discussions and initiatives related to banking regulation and supervision. It collaborates with other global standard-setting bodies, such as the Financial Stability Board and the Basel Committee on Banking Supervision, to contribute to the development of international standards and promote global financial stability.
The EBA works closely with national competent authorities and other EU bodies, such as the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority, to ensure the effective and coordinated regulation and supervision of the EU financial sector.
