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With effect from January 2011 the European Banking Authority (EBA) was founded as an independent EU authority by means of Regulation (EU) No. 1093/2010 of the European Parliament and the Council as the successor organisation to the CEBS (being accountable to the European Parliament, the Council of the European Union and the European Commission) and is part of the European System of Financial Supervision (ESFS). Its task is to ensure an effective and consistent level of regulation and supervision within the European banking sector. In addition to drawing up Technical Standards and Guidelines in order to establish an European Framework for the Financial Sector, the EBA also plays a decisive role with regard to the promotion of harmonisation of supervisory practices.

Term-Nr.: 340

German: Europäische Bankenaufsichtsbehörde (EBA) (318)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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