Mission, values and tasks

Our mission 

Our mission is to contribute to the stability and effectiveness of the European financial system through simple, consistent, transparent, fair regulation and supervision that benefits all EU citizens.

Our values

The EBA values shape our identity. They define what matters to us and guide our every move in bolstering Europe’s financial system.

Public service at our core
Public service at our core

We act independently, in the sole interest of the European Union. We are committed to strengthening the financial sector and protecting consumers through sound regulation. 

Excellence in everything we do

We pride ourselves on the work that we do. We promote simplicity, objectivity, transparency and proportionality. We learn from successes and failures and continue improving what we do. 

Trust in our relationships  

We build relationships based on trust, respect and transparency. We are open and responsible for our actions, promises and commitments. We care about people. We should resemble the society in which we live. And we will abide by high ethical and environmental principles. 

Creativity to deal with challenges

We strive to innovate and make a difference, with the belief that change is possible. We pioneer new ways of working to make a difference, and that makes us unique. We have the energy, imagination and courage to lead. 

Collaboration is our approach  

We value team spirit and cultural diversity. We encourage, seek and value input and feedback. By having a collaborative mindset, we can work and grow together with each other and our stakeholders. 

Our tasks

One of our main tasks is to contribute to the creation of the European Single Rulebook in banking, through the development of Technical Standards and Guidelines. The Single Rulebook aims at providing a single set of harmonised prudential rules for financial institutions throughout the EU, helping create a level playing field and providing high protection to depositors, investors and consumers.

We also play an important role in promoting convergence of supervisory practices to ensure a harmonised application of prudential rules.  

Another crucial task for us is to assess risks and vulnerabilities in the EU banking sector through regular and ad hoc risk assessments and EU-wide stress tests.

In the context of the Digital and Operational Resilience act (DORA) and Markets in Crypto-assets Regulation (MiCAR), we have new policy, oversight and supervision responsibilities in the areas of ICT-third party service provision and asset-referenced and e-money token issuance.  

We will continue to contribute to the fight against financial crime in the EU’s financial sector until the new anti-money laundering Authority is established.

We also:
  • investigate alleged incorrect or insufficient application of EU law by national authorities;
  • take decisions directed at individual competent authorities or financial institutions in emergency situations;
  • mediate to resolve disagreements between competent authorities in cross-border situations;
  • act as an independent advisory body to the European Parliament, the Council or the Commission. 

To perform these tasks, we produce regulatory and non-regulatory documents such as technical standards, guidelines, recommendations, opinions and ad-hoc or regular reports. 

Programming documents

The Single Programming Document (SPD) sets out our planning of activities and related resource requirements for the next three years.

Work Programme

The work programme describes and summarises our main objectives, priorities and deliverables for the coming year.