EBA publishes 2021 annual work programme focusing on innovation and fighting AML/CFT

On September 30th 2020, the European Banking Authority (EBA) published its annual work programme for 2021, which describes the activities and tasks for the upcoming year and also highlights its key strategic areas of work.

During 2021, the EBA will focus on six strategic areas: implementing effective resolution tools, reviewing and upgrading the stress-testing framework, becoming an integrated EU data hub, contributing to the sound development of financial innovation and operational resilience in the financial sector, building the infrastructure within the EU to lead, coordinate and monitor AML/CFT supervision and also providing the policies for factoring in and managing ESG risks.

This article provides further insight on key priorities for 2021.