THE EBA AT A GLANCE
BOARD OF SUPERVISORS
The Board of Supervisors (BoS) is the ultimate
decision-making body of the EBA.
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.
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
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).
The Management Board (MB) takes decisions on operational matters
of the EBA and is responsible for implementing its work programme.
To ensure that the EBA carries out its mission and performs the
tasks assigned to it in accordance with its regulation.
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.
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.
The Resolution Committee (ResCo) has delegated
powers to make decisions on resolution matters.
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.
A Chairperson, 28 heads of national resolution
authorities who are members with voting rights and observers who
do not have voting rights.
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.
* Specific voting modalities are provided for
in Article 44 of the EBA’s founding regulation.