## 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](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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## Bibliographic details
- Published: March 15, 2013
- Series: IMF Staff Country Reports

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40402_