What is the European Banking Authority (EBA)?
The European Banking Authority (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.<br/><br/>
What it does:<br/><br/>
- provides input into the creation of a single, standard set of rules for EU banking, (the Single Rulebook);<br/><br/>
- provides centralised disclosure of supervisory data on EU banks (to increase transparency, market discipline and financial stability across the EU);<br/><br/>
- promotes cooperation between National Competent Authorities (<a href="/glossarycollection/national-competent-authority" style="color:#48277C;" target="_blank" title="National Competent Authority"><u>NCA</u></a>) on supervising banking groups that operate in more than one country, and mediates disputes involving more than one country.<br/><br/>
- 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.<br/><br/>