According to article 1(2) of the founding Regulation of the EBA, the EBA shall act within the powers conferred by the Regulation and within the scope of the following legislative texts:
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:
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. For the moment, and in relation to the CRD in particular these include:
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 in paragraph 2, including 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.