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THE EBA AT A GLANCE

11

BOARD OF SUPERVISORS

The Board of Supervisors (BoS) is the ultimate

decision-making body of the EBA.

Roles.

The BoS takes all policy decisions of the EBA, including

the adoption of draft technical standards, guidelines, opinions

and reports. It also takes the final decision on the EBA's budget.

Composition.

The EBA's Chairperson and heads of the national

banking supervisors from the 28 Member States of the European

Union. The BoS members act independently and in the EU's

interest.

Decision-making mechanism.

Depending on the type,

decisions are taken through voting by simple majority/double

simple majority/qualified majority including double simple

majority* (the EBA Chairman does not get to vote).

MANAGEMENT BOARD

The Management Board (MB) takes decisions on operational matters

of the EBA and is responsible for implementing its work programme.

Roles.

To ensure that the EBA carries out its mission and performs the

tasks assigned to it in accordance with its regulation.

Composition.

The EBA's Chairperson and six members who are elected

from the BoS. The Executive Director and a representative of the European

Commission participate in the meetings of the MB.

Decision-making mechanism.

The MB decides by simple majority.

It has the competence, amongst others, to propose the annual

and multiannual work programmes, as well as the annual

report, to exercise certain budgetary powers, to adopt

the Authority's staff policy plan and to adopt special

provisions on the right to access documents.

RESOLUTION COMMITTEE

The Resolution Committee (ResCo) has delegated

powers to make decisions on resolution matters.

Roles.

Empowered to make decisions on specific matters related to

resolution of financial institutions that have been delegated to them

by the BoS. It deals with tasks related to the role of EU resolution

authorities, as prescribed in the BRRD.

Composition.

A Chairperson, 28 heads of national resolution

authorities who are members with voting rights and observers who

do not have voting rights.

Decision-making mechanism.

The proposals shall be subject to

the vote of the ResCo, according to the same rules of procedure that

apply to the BoS. The decisions voted by the ResCo will be submitted

to the BoS in accordance with the non-objection procedure. In other

cases (where the ResCo does not have an exclusive mandate) the

ResCo will act as other standing committees and provide its opinion

to the BoS, which will make its final decision.

BoS

ResCo

MB

Some powers

delegated

* Specific voting modalities are provided for

in Article 44 of the EBA’s founding regulation.