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THE EBA AT A GLANCE

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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.

Public consultations

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.