EBA responds to European Parliament’s observations in 2024 discharge report

The European Banking Authority (EBA) is an independent EU authority responsible for safeguarding the integrity and stability of the EU banking sector.

The EBA develops harmonised rules for financial institutions, promotes convergence of supervisory practices, and monitors the impact of financial innovation and sustainable finance transition.

To ensure the orderly functioning of the financial system, the EBA monitors risks and vulnerabilities relevant to banks and investment firms. It also facilitates information sharing among authorities through supervisory reporting and data disclosure.

The EBA emphasizes the importance of effective communication with stakeholders through publications, announcements, and participation in external events to report on policies, activities, and initiatives.