The European Banking Authority (EBA) responds to observations made by the European Parliament in the 2024 discharge report, reaffirming its role in financial stability and regulation.
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 EU financial system, the EBA monitors risks and vulnerabilities, facilitates information sharing among authorities, and supports transparency 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.
