European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Banking Authority
IMF Staff Country Reports, March 15, 2013
Source details
- Canonical URL
- European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Banking Authority
Other formats
Bibliographic details
- Published: March 15, 2013
- Series: IMF Staff Country Reports
Overview
- This report is an overview of the performance of the European Banking Authority (EBA) against its mandates, given economic conditions prevailing in the banking sector in the European Union (EU).
- Banks remain a key contributor to the EU financial and professional services industry.
- Outlook for the sector remains challenging as asset quality has been deteriorating.
Major findings and emphasis
- Priority should be given to increasing the EBA’s supervisory convergence and quality assurance tasks.
- Priority should be given to regulatory and supervisory actions by the EBA.
- Priority should be given to strengthening transparency and the reliability of data.
Subjects and keywords
- Subject: Banking; Education; External balance assessment (EBA); External position; Financial Sector Assessment Program; Financial sector policy and analysis; Labor; Stress testing
- Keywords: coordination role; CR; EBA chairperson; EBA college; EBA mandate; EBA oversight activity; EBA regulation; EBA staff; EU banking system; EU law; EU workforce; Europe; External balance assessment (EBA); Financial Sector Assessment Program; ISCR; risk assessment; Stress testing