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The EBA issues the 2013 edition of its Annual Report, taking stock of its first three years of activities and focusing on tasks and achievements for 2013. The past year has been characterised by difficult market conditions for the EU banking sector and by a complex process of institutional and regulatory repair. The Annual Report illustrates the progress achieved by the EBA towards a more stable banking and financial sector in the European Union.

This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks' balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of regulatory standards that will lead to a genuine level playing field in the EU banking sector and a truly integrated single market.

The European Banking Authority (EBA) issued a revised list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that data submitted in accordance with these ITS should not be validated against the previously published set of incorrect rules.