EBA welcomes the Commission proposal to strengthen the framework for its operation

20 September 2017

The European Banking Authority (EBA) welcomed today the European Commission's proposal to adjust and upgrade its current framework to ensure the Authority is adequately equipped in terms of powers, governance and funding. In particular, the EBA welcomes its strengthened competencies in the areas of supervisory convergence and mediation, supporting the EBA's enhanced focus on more integrated and consistent supervisory processes and outcomes in the Single Market. 
 
If you want to read more about the Commission's review of the EFSF, click here.