European Banking Authority (EBA)

The European Banking Authority (EBA) is an independent regulatory agency working to achieve effective and consistent prudential regulation and supervision in the European Union’s banking sector. Its core objectives are to maintain financial stability and to safeguard the integrity, efficiency and orderly functioning of the banking sector. The EBA was established in 2011 as part of the European System of Financial Supervision. The ESFS comprises three European supervisory authorities (ESAs): the EBA, the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational Pensions Authority (EIOPA), as well as the European Systemic Risk Board (ESRB), the Joint Committee of the ESAs, the European Central Bank (ECB) and member States’ competent supervisory authorities.