About the European Banking Authority (EBA)

The European Banking Authority (EBA), an independent EU Authority established on 1 January 2011, plays a crucial role in maintaining financial stability and safeguarding the integrity, efficiency, and orderly functioning of the European banking sector. Originating from the Committee of European Banking Supervisors, the EBA is a pivotal element of the European System of Financial Supervision (ESFS).

The EBA’s core mission revolves around contributing to the development of the European Single Rulebook in banking, which aims to provide a unified set of harmonised prudential rules for financial institutions throughout the EU. This initiative not only helps to establish a consistent regulatory framework but also fortifies the EU’s financial system against potential vulnerabilities.

Key Responsibilities of the EBA include:

Harmonising Regulations: Developing and implementing the European Single Rulebook to help to establish consistent regulatory standards across the EU.

Supervisory Convergence: Promoting the convergence of supervisory practices to establish a coherent approach to banking supervision.

Risk Assessment: Identifying and assessing risks and vulnerabilities within the EU banking sector to fortify it against potential crises.

The EBA diligently works to promote a transparent, stable, and inclusive financial environment, enabling that the banking sector operates with integrity and efficiency, thereby bolstering the financial stability of the EU.