The Committee of European Banking Supervisors (CEBS) today publishes its Annual Report 2008.
The report provides an overview of CEBS's achievements in 2008, while outlines the key challenges that CEBS should met in 2009.
The European Banking Authority was established by Regulation (EC) No. 1093/2010 of the European Parliament and of the Council of 24 November 2010. The EBA has officially come into being as of 1 January 2011 and has taken over all existing and ongoing tasks and responsibilities from the Committee of European Banking Supervisors (CEBS). The EBA acts as a hub and spoke network of EU and national bodies safeguarding public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.