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THE EBA AT A GLANCE

13

AN OVERVIEW OF THE EBA’S TASKS AND DELIVERABLES

Final decisions are generally adopted by the EBA BoS,

which votes by simple majority, except in the case of

regulatory products (technical standards, guidelines

and recommendations) where the voting is by qualified

majority, similarly to the rules applied in the Council

of the European Union. Since the establishment of the

Single Supervisory Mechanism (SSM), a simple majority

of both SSM members and non-SSM members is also

required in order to achieve a qualified majority vote for

the adoption of regulatory products. The EBA’s technical

standards are subject to endorsement by the Commis-

sion and, in some cases, scrutiny by the European Par-

liament and the Council, following which they become

directly applicable and binding across the EU.

Finally, the EBA can also issue regulatory tools (such as

guidelines and recommendations) on its own initiative in

all those cases where it deems it necessary to do so for

the sake of the correct and consistent application of EU

law and supervisory practices.