{
  "title": "European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Banking Authority",
  "publication": "IMF Staff Country Reports, March 15, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40402",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- 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).\n- Banks remain a key contributor to the EU financial and professional services industry.\n- Outlook for the sector remains challenging as asset quality has been deteriorating."
    },
    {
      "heading": "Major findings and emphasis",
      "content": "- Priority should be given to increasing the EBA’s supervisory convergence and quality assurance tasks.\n- Priority should be given to regulatory and supervisory actions by the EBA.\n- Priority should be given to strengthening transparency and the reliability of data."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking; Education; External balance assessment (EBA); External position; Financial Sector Assessment Program; Financial sector policy and analysis; Labor; Stress testing\n- 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\n\n---\n\n Content in this bundle\n\n- cr1374\n  - cr1374 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1374 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 15, 2013",
    "Series: IMF Staff Country Reports",
    "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.",
    "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.",
    "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",
    "**_cr1374**"
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