EBA publishes Annual Report, highlights strengthening of Single Rulebook

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.

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.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

Posted in ArticlesTagged ,

Leave a Reply

Your email address will not be published. Required fields are marked *