Source: Europa Nu.
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.