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2023 | OriginalPaper | Chapter

4. The European Banking Authority

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Abstract

The EBA is tasked with monitoring new and existing financial activities, and market developments in the areas of its competence. It may adopt guidelines and recommendations or provide advice to the European Parliament, the Council, and the Commission, with a view to promoting the safety and soundness of markets and convergence of regulatory and supervisory practices and to achieving a coordinated approach to the regulatory and supervisory treatment of new or innovative financial activities.

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Footnotes
1
“EBA at glance.” European Banking Authority, 31 December 2014. Retrieved 24 February 2022.
 
5
EBA (2021): EBA’s Study Shows that EU Banks’ Funding Plans Are Poised to Gradually Return to a Pre-pandemic Funding Composition by 2023, https://​www.​eba.​europa.​eu/​eba%E2%80%99s-study-shows-eu-banks%E2%80%99-funding-plans-are-poised-gradually-return-pre-pandemic-funding.
 
6
Radostina Parent (2020): Regulatory Sandboxes and Innovation Hubs for FinTech—Impact on Innovation, Financial Stability, and Supervisory Convergence, p. 34; https://​www.​europarl.​europa.​eu/​RegData/​etudes/​STUD/​2020/​652752/​IPOL_​STU(2020)652752_​EN.​pdf.
 
7
See for example about the Hungarian regulatory sandbox, MNB Decree on diverging rules of compliance with obligations under certain MNB Decrees.
 
9
EBA (2017): EBA Publishes a Discussion Paper on Its Approach to FinTech, https://​www.​eba.​europa.​eu/​eba-publishes-a-discussion-paper-on-its-approach-to-fintech.
 
11
European Data Protection Board (2020): Guidelines 06/2020 on the Interplay of the Second Payment Services Directive and the GDPR-Version 2.0; 1–26, https://​edpb.​europa.​eu/​sites/​default/​files/​files/​file1/​edpb_​guidelines_​202006_​psd2_​afterpublicconsu​ltation_​en.​pdf.
 
Metadata
Title
The European Banking Authority
Author
Felix I. Lessambo
Copyright Year
2023
DOI
https://doi.org/10.1007/978-3-031-25428-4_4