The European Banking Authority (EBA) will mark its first five years of activities with a conference on the achievements and remaining challenges in strengthening the banking sector of the European Union (EU) and supporting the effective functioning of the Single Market. The EBA 5th anniversary conference will take place on 5 February 2016 and will be hosted by the Lord Mayor of the City of London in the historical setting of the "Guildhall". Discussions will benefit from the participation of high level policy makers, industry representatives, academics and other stakeholders from across the EU and beyond.
The EBA will hold a conference to celebrate its first 5 years of activities on 5 February 2016 in London. Panellists from public and private institutions in the banking and financial sectors will discuss progress made in the repair of the EU banking sector, as well as the challenges and opportunities still lying ahead. From regulatory changes to adjustments in EU banks' business models, participants will share views on key priorities, from further mitigating fragmentation processes to ensuring the new regulatory framework is applied consistently across the Single Market.
Andrea Enria, the EBA Chairperson said: "On behalf of the Board of Supervisors of the EBA, I express our gratitude to the City of London for this opportunity to celebrate in such an historical location". Enria added that the conference happens at a key moment of the creation of the EU single market in banking: "After five years of major changes in our financial regulatory framework, it is now time to reflect on the effects all these reforms are having on EU banks, as well as on the best ways to ensure that the consistent application of the new standards brings real added value to the functioning of the Single Market, for the benefit of final users of banking services".
The European Banking Authority (EBA) is the regulatory agency of the EU for the banking sector. It is charged with advising on and coordinating banking regulation and supervision in the Union. The main decision body of the EBA is its Board of Supervisors, which brings together the 28 National Supervisory Authorities of the EU and takes all policy decisions of the EBA, such as adopting draft technical standards, guidelines, opinions and reports. The EBA was established on 1 January 2011, when it took over the tasks and responsibilities of its predecessor, the Committee of European Banking Supervisors (CEBS).