Previous Page  3 / 20 Next Page
Information
Show Menu
Previous Page 3 / 20 Next Page
Page Background

THE EBA AT A GLANCE

1

THE EUROPEAN BANKING AUTHORITY

The European Banking Authority (EBA) is a specialised

agency of the European Union set up to achieve a more

integrated approach to banking supervision across the

EU. Among its core tasks is the establishment of a sin-

gle set of rules applicable to all banking institutions in

the EU in the same manner, which is the basis for the

creation of an EU single market in the banking sector.

The EBA also seeks to ensure that these common rules

are all understood and applied by banking supervisors

across the EU in a consistent and harmonised way. Its

work aims at upgrading the quality and consistency of

supervision across the EU, as well as at strengthening

oversight of cross-border groups, i.e. those banking

groups which operate in more than one EU Member

State.

The EBA acts as the cornerstone of a consistent and

transparent single market for EU banking that is bene-

ficial to all: businesses, consumers and the broader EU

economy. By providing the regulatory framework for the

integrity and efficiency of banking in the EU, the EBA also

contributes to financial stability across the Union.