EBA notes good progress in convergence of supervisory practices across the EU
The European Banking Authority (EBA) published its annual Report on the convergence of supervisory practices in the EU. The EBA's mandates in supervisory convergence aim at fostering comparable supervisory approaches across the single market. This is necessary to ensure a level playing field, effective supervision of cross border groups and to promote supervisory best practices.
This Report provides a summary of the EBA's observations on the current state of convergence of supervisory practices and highlights the EBA's activities carried out in 2018 to promote this convergence in accordance with its mandates as set out in its Founding Regulation and in the Capital Requirements Directive (CRD).
This article provides further insight on EBA's latest report.