European Banking Authority (EBA)

The European Banking Authority (EBA) is an independent EU Authority focused on ensuring effective and consistent prudential regulation and supervision across the European banking sector. Established in 2011 as part of the European System of Financial Supervision, its primary objectives are to maintain financial stability in the EU and safeguard the integrity, efficiency, and orderly functioning of the banking sector. The EBA's pivotal role includes contributing to the creation of the European Single Rulebook in banking, promoting convergence of supervisory practices, and assessing risks and vulnerabilities in the EU banking sector. Headquartered in France, the agency strives to provide a single set of harmonized prudential rules for financial institutions throughout the EU, thereby bolstering the financial integrity and stability of the region's banking sector.