EBA updates list of other systemically important institutions

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

To promote financial stability, the EBA develops harmonised rules for financial institutions, encourages convergence of supervisory practices, and monitors the impact of financial innovation and the transition to sustainable finance.

The EBA monitors and analyzes risks and vulnerabilities affecting banks and investment firms to ensure the orderly functioning of the financial system in the European Union. It also facilitates information sharing among authorities through supervisory reporting and data disclosure.

The EBA emphasizes effective communication through publications, announcements, and participation in external events to inform stakeholders about its policies, activities, and initiatives.