Working process

The EBA carries out its tasks and mandates in an effective and transparent way, trying to ensure that national authorities, stakeholders and other interested parties can be informed of the Authority's work and are able to provide inputs.

All deliverables drafted by the Authority are discussed in technical working groups and standing committees where national authorities can provide inputs. Where necessary, the EBA also cooperates with other bodies and institutions.

Open public consultations are conducted, where appropriate, on regulatory products (Technical Standards, Guidelines, etc.) to ensure stakeholders and all interested parties can provide inputs on future banking standards and Guidelines. Moreover, the Authority also seeks comments and advice from the Banking Stakeholders Group, a body established by the EBA Regulation to facilitate consultations with stakeholders. It is composed, in balanced proportions, of representatives from credit and investment institutions, their employees' representatives, consumers, users of banking services and top-ranking academics. Finally, where appropriate, the EBA conducts a costs and benefits analysis on all proposals.

Final products are adopted by the Board of Supervisors which votes by simple majority, except in the case of regulatory products (Technical Standards, Guidelines and Recommendations) where the voting is by qualified majority following the same rules as those applied in the Council of the European Union.

Finally, in the case of Binding Technical Standards, the EBA is mandated to adopt only draft rules that when endorsed by the European Commission are integrated into EU law and become directly applicable and binding across the Single Market.