European Banking Authority (EBA)

The European Banking Authority (EBA) is an agency of the European Union that oversees the banking sector across member countries. Established in 2011, its main role is to ensure the stability and safety of banks, protect depositors, and promote transparency in the financial system. The EBA develops rules that banks must follow, conducts stress tests to evaluate their resilience, and works to ensure consistent regulation throughout the EU. By doing so, it helps maintain public confidence in the financial system and supports economic growth across Europe.