Thu. Jun 20th, 2019

Planet Compliance

Innovation & Regulation in Finance

EBA publishes Annual Report, highlights strengthening of Single Rulebook

2 min read
The European Banking Authority (EBA) publishes today its 2015 Annual Report, which provides a detailed account of all the work the Authority achieved in the past year and anticipates the key areas of focus in the coming years.
In 2015, the EBA completed the bulk of the G20 package, thus strengthening the Single Rulebook applicable to the EU banking sector. Furthermore, the monitoring work in relation to the Single Rulebook has been stepped up, in particular regarding remuneration practices, own funds and supervisory options and discretions. Important work was also achieved in the resolution field, which assisted all EU Members States in enhancing their recovery, resolution and depositor protection regimes.
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In addition, the EBA continued to identify, analyse and address risks in the EU banking sector. This task was achieved through key outputs, such as risk dashboards, semi-annual risk reports, and transparency and stress test exercises. Finally, the EBA carried on enhancing the protection of consumers while promoting transparency, simplicity and fairness for consumer financial products and services across the Single Market.
The EBA statement and the annual report are available here.

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