European Banking Authority

by Regulation (EU) No 1093/2010 as part of the European System of Financial Supervision (ESFS), succeeding the Committee of European Banking Supervisors (CEBS). Its mandate has since expanded with the development of new EU banking and financial‑services legislation, placing the EBA at the centre of the EU’s prudential regulatory and supervisory framework.

The Authority was initially based in London until its relocation to Paris in March 2019, following the United Kingdom’s decision to withdraw from the EU.

The EBA is part of the European System of Financial Supervision (ESFS), established in 2010 following the 2008–09 financial crisis and based on the de Larosière report.

The ESFS is a multi‑layered system composed of micro‑ and macro‑prudential authorities, including the European Systemic Risk Board (ESRB), the European Insurance and Occupational Pensions Authority (EIOPA), the European Securities and Markets Authority (ESMA), and national competent authorities.

The EBA cooperates closely with EU institutions such as the European Commission, the European Parliament and the Council of the European Union, as well as with the European Central Bank (ECB) and the Single Resolution Board, to support effective supervision and financial stability across the Union.

Internationally, the EBA engages with key financial organisations to promote the development and consistent application of robust regulatory and supervisory standards. It participates actively in global standard setting bodies, including the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB), and collaborates with institutions such as the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD).

Simplification and efficiency of the regulatory framework

As part of a broader European Union initiative to enhance the efficiency and proportionality of financial regulation, the European Banking Authority has undertaken work to simplify the EU regulatory and supervisory framework for banks.

In October 2025, the EBA published a report on the efficiency of the regulatory and supervisory framework, following a call for advice from the European Commission. The report sets out 21 recommendations aimed at improving the efficiency of the EU framework while maintaining financial stability.

These recommendations are organised across four areas: the development of Level 2 and Level 3 regulatory products, supervisory reporting requirements, the EBA’s contribution to the EU prudential framework, and the Authority’s internal working arrangements.

The recommendations form part of wider discussions among European policymakers and supervisory authorities on reducing regulatory complexity and administrative burden in the banking sector while preserving prudential safeguards.