Multilateral cooperation
The EBA engages with various international institutions to develop sound global prudential standards and foster regulatory cooperation. This namely includes:
Basel Committee on Banking Supervision (BCBS)
The BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions.
The EBA is a member of the BCBS and provides expertise into several of its working groups, including the Policy and Standards Group and the Risks and Vulnerabilities Assessment Group. The EBA Chairperson is a member of the Group of Central Bank Governors and Heads of Supervision (GHOS), who oversees and endorses BCBS major decisions.
Financial Stability Board (FSB)
The EBA contributes to the work of the FSB, the international body that monitors and makes recommendations about the global financial system. It namely participates to the its work in the areas of crypto-assets as well as bank recovery and resolution.
International Monetary Fund (IMF)
The EBA collaborates with the IMF on financial stability and banking related issues. The two institutions hold regular exchanges, including through the IMF Article IV euro area and staff visits. It also contributes to the IMF Financial Sector Assessment Program (FSAP) of the euro area.
Organisation for Economic Co-operation and Development (OECD)
The OECD is a forum and knowledge hub for data, analysis and best practices in public policy. The EBA cooperates with the OECD in several areas, including in financial education and climate related risks.