THE EBA AT A GLANCE
COOPERATION WITH STAKEHOLDERS
The EBA ultimately works for the benefit of the broader
EU economy and remains mindful of the specificities of
the EU banking sector. In order to ensure that the deliv-
erables adequately mirror the needs of all parties con-
cerned with EU banking, the EBA consults the public on
all its regulatory products. Additionally, the EBA usually
conducts cost–benefit analyses on its proposals.
Banking Stakeholders Group
The EBA also proactively seeks advice from its Banking
Stakeholders Group, the permanent body that facilitates
consultations with banking stakeholders and is com-
posed of representatives from credit and investment in-
stitutions, their employees’ representatives, consumers,
users of banking services and top-ranking academics.
Open public consultations and public hearings are con-
ducted on regulatory products (technical standards,
guidelines, etc.) to ensure stakeholders and all inter-
ested parties can provide their input on future banking
standards and guidelines.