The EBA is the EU agency tasked with implementing a standard set of rules to regulate and supervise banking across all EU countries. Its aim is to create an efficient, transparent and stable single market in EU banking products.

What it does

• provides input into the creation of a single, standard set of rules for EU banking – the Single Rulebook
• provides centralised disclosure of supervisory data on EU banks (to increase transparency, market discipline and financial stability across the EU)
• promotes cooperation between national authorities on supervising banking groups that operate in more than 1 country, and mediates disputes involving more than 1 country
• promotes a transparent, simple and fair EU market for consumers of financial products and services, and ensures all consumers are treated fairly and protected across the EU

Structure

The Chair of the EBA leads discussions in meetings of the EBA Board of Supervisors, which is composed of the supervisory authorities from every EU country.

The Authority's operational work is overseen by its Executive Director.

EBA governance structure:

• Board of Supervisors - takes all the EBA’s policy decisions
• Management Board - ensures the Authority follows its remit and work programme
• Resolution Committee - takes decisions on banking resolution matters

How it works

All EBA deliverables are discussed in technical working groups and standing committees, where all national authorities can provide input. Where necessary, the EBA also cooperates with other national, EU or international bodies.

Final products are adopted by the Board of Supervisors.

The EBA also works closely with the EU supervisory authorities (ESAs) on issues of cross-sectoral relevance, in the Joint Committee of ESAs.

EBA annual work programme

Who benefits

• EU institutions
• businesses and consumers in the banking sector
• the broader EU economy