THE EBA AT A GLANCE
THE ROLE OF THE EBA
COMMON RULES UNDERPINNING THE EU SINGLE MARKET IN BANKING
The main task of the EBA is to contribute to the cre-
ation of a single market for the EU banking sector. The
authority is in charge of developing the common regula-
tory framework which is applicable to all banking insti-
tutions and investment firms across the EU in the same
manner: the EU single rulebook on banking.
The single rulebook
This set of rules forms the regulatory infrastructure
underpinning a single market in banking which is con-
sistent across the EU. The single rulebook arises out
of the legislative framework proposed by the European
Commission. The EBA builds on it by developing tech-
nical standards (TSs), guidelines and recommendations
addressed to banking institutions and EU supervisors.
Furthermore, the EBA has established a question and
answer (Q&A) tool, which clarifies questions from stake-
holders and concerned parties in relation to the practi-
cal application of the regulatory framework. Together, all
these EBA products promote a truly unified application
of EU legislation.
The single rulebook applies throughout the EU and it
ensures that the core principles of the Basel interna-
tional standards for banking are applied in all EU Mem-
ber States in a uniformmanner. It also closes regulatory
loopholes and contributes to the more effective func-
tioning of the internal market.
The rules in the single rulebook remove a large number
of national options and discretions, and allow Member
States to apply different requirements only where these
are justified through a process which ensures input
from EU bodies including the EBA.