EBA work programme for 2020 updated due to COVID-19 pandemic 

The European Banking Authority (EBA) published on August 14 its updated annual work programme for 2020 to reflect all the changes brought in by the COVID-19 pandemic to its activities.

The updated work programme aims to alleviate the burden on banks and to limit to the minimum the interaction with the industry. For this reason, the EBA only launched new consultations which were considered critical, postponed the publication of final technical standards depending on their degree of finalisation and expected time of implementation, and put on hold data collections normally used for ad-hoc analyses.

This article provides further insight on the principles adopted by EBA for its annual work programme.