European Banking Authority (EBA)

What is European Banking Authority (EBA)?

European Banking Authority (EBA) definition and meaning on Finance terms:
An independent EU authority established on 1 January 2011 as part of the European System of Financial Supervision to ensure effective and consistent prudential regulation and supervision across the EU banking sector. Its main task is to contribute to the creation of the European single rulebook in banking, the objective of which is to provide a single set of harmonised prudential rules throughout the EU. See also
European System of Financial Supervision (ESFS)<