According to Article 1(2) of the founding Regulation of the EBA, as amended, the EBA shall act within the powers conferred by the Regulation and within the scope of the following legislative texts:

• Capital Requirements Regulation (CRR)
• Capital Requirements Directive (CRD)
• Bank Recovery and Resolution Directive (BRRD)
• Deposit Guarantee Schemes Directive (DGSD)
• Payment Services Directive (PSD)
• E-Money Directive (EMD)
• Financial Conglomerates Directive (FICOD)
• Distance Marketing Directive (DMD)
• Regulation on information accompanying transfers of funds (WTR)

Also, to the extent that those acts apply to credit and financial institutions and the competent authorities that supervise them, the EBA will also act within the relevant parts of the following directives:

• Payment Accounts Directive (PAD)
• Mortgage Credit Directive (MCD)
• Central Securities Depositories Regulation (CSDR)
• Markets in Financial Instruments Directive (MiFID II)
• Markets in financial instruments Regulation (MiFIR)
• Anti-Money Laundering Directive (AMLD)
• Interchange Fees Regulation (IFR)

Further, the EBA shall also act within the scope of all directives, regulations and decisions based on those acts, and of any further legally binding Union act which confers tasks on the Authority.

The Authority shall also act in accordance with the SSM Regulation (EU) No 1024/2013.

Finally, the Authority shall also act in the field of activities of credit institutions, financial conglomerates, investment firms, payment institutions and e-money institutions in relation to issues not directly covered in the acts referred to above.

This includes matters of corporate governance, auditing and financial reporting, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts.