The European Banking Authority (EBA)

The European Banking Authority (EBA) is a regulatory body of the European Union tasked with overseeing the integrity and stability of the banking and financial sector across the EU. Established in 2011 as part of a series of measures to respond to the financial crisis, the EBA plays a crucial role in ensuring that the banking sector across Europe operates under a harmonized regulatory framework, designed to protect depositors and promote stability.

Key roles and objectives of the EBA include:

The EBA operates under the European System of Financial Supervision (ESFS), a network that includes national regulatory authorities and aims to provide a systemic oversight to prevent financial meltdowns. By enhancing the regulatory and supervisory framework of the banking sector, the EBA contributes significantly to the maintenance of financial stability and confidence in the European financial system. Its work is vital for fostering a safe, transparent, and dependable banking environment within the European Union.