European Banking Authority

European Banking Authority - Wikipedia, the free encyclopedia a:lang(ar),a:lang(ckb),a:lang(fa),a:lang(kk-arab),a:lang(mzn),a:lang(ps),a:lang(ur){text-decoration:none}a.new,#quickbar a.new{color:#ba0000} /* cache key: enwiki:resourceloader:filter:minify-css:4:c88e2bcd56513749bec09a7e29cb3ffa */ if ( window.mediaWiki ) { mw.config.set({"wgCanonicalNamespace": "", "wgCanonicalSpecialPageName": false, "wgNamespaceNumber": 0, "wgPageName": "European_Banking_Authority", "wgTitle": "European Banking Authority", "wgCurRevisionId": 456994523, "wgArticleId": 30714542, "wgIsArticle": true, "wgAction": "view", "wgUserName": null, "wgUserGroups": ["*"], "wgCategories": ["2011 in the European Union", "Eurozone fiscal matters", "Financial regulatory authorities", "Government agencies established in 2011", "Organisations based in the United Kingdom", "European Union stubs"], "wgBreakFrames": false, "wgRestrictionEdit": [], "wgRestrictionMove": [], "wgSearchNamespaces": [0], "wgFlaggedRevsParams": {"tags": {"status": {"levels": 1, "quality": 2, "pristine": 3}}}, "wgStableRevisionId": null, "wgVectorEnabledModules": {"collapsiblenav": true, "collapsibletabs": true, "editwarning": true, "expandablesearch": false, "footercleanup": false, "sectioneditlinks": false, "simplesearch": true, "experiments": true}, "wgWikiEditorEnabledModules": {"toolbar": true, "dialogs": true, "hidesig": true, "templateEditor": false, "templates": false, "preview": false, "previewDialog": false, "publish": false, "toc": false}, "wgTrackingToken": "5f4d28ddeca391cefb018ab5e079c850", "wikilove-recipient": "", "wikilove-edittoken": "+\\", "wikilove-anon": 0, "mbEditToken": "+\\", "Geo": {"city": "", "country": ""}, "wgNoticeProject": "wikipedia"}); } if ( window.mediaWiki ) { mw.loader.load(["mediawiki.page.startup"]); } European Banking Authority From Wikipedia, the free encyclopedia Jump to: navigation, search European Banking Authority Agency overview Formed January 1, 2011 (2011-01-01) Preceding agency Committee of European Banking Supervisors (CEBS) Jurisdiction European Union Headquarters Tower 42 (level 18), 25 Old Broad Street, London EC2N 1HQ, United Kingdom Agency executives Andrea Enria, Chairperson Adam Farkas, Executive Director Key document Regulation (EU) No 1093/2010 Website eba.europa.eu The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in London, United Kingdom. Its activities include conducting stress tests on European banks to increase transparency in the European financial system by identifying weaknesses in banks' capital structures.1 The EBA was established on 1 January 2011, upon which date it inherited all of the tasks and responsibilities of the Committee of European Banking Supervisors (CEBS). Contents 1 Overview 2 Common Reporting Framework (COREP) 3 See also 4 Notes 5 External links Overview The EBA has the power to overrule national regulators if they fail to properly regulate their banks. The EBA is able to prevent regulatory arbitrage and should allow banks to compete fairly throughout the E.U. The EBA will prevent a race to the bottom because banks established in jurisdictions with less regulation will no longer be at a competitive advantage compared to ones based in jurisdictions with more regulations because all banks will have to comply with the higher pan European standard. Common Reporting Framework (COREP) Common Reporting (COREP) is the standardized reporting framework issued by the European Banking Authority (EBA) for the Capital Requirements Directive reporting. It covers credit risk, market risk, operational risk, own fund and capital adequacy ratios. This reporting framework has been adopted by almost 30 European countries. Regulated institutions are required to file periodically COREP reports, on both a solo and consolidated basis, using XBRL. All regulated organizations in the UK must use COREP to make their regular statutory reports by 31st December 2012.2 See also European System of Financial Supervisors European Systemic Risk Board European Securities and Markets Authority European Insurance and Occupational Pensions Authority Notes ^ "New European Banking Regulator Will Conduct a Stress Test on Lenders". New York Times. 2011-01-13. http://www.nytimes.com/2011/01/14/business/global/14banks.html. Retrieved 2011-02-01.  ^ "Common Reporting Framework (COREP)". Moody's Analytics. 2011-07-01. http://www.moodysanalytics.com/~/media/Brochures/Enterprise-Risk-Management/UK-COREP/MA-COREP-FAQ.ashx.  External links European Banking Authority, official website Regulation (EU) No 1093/2010 Larosière report v · d · eEuropean Union topics History Timeline Pre-1945 · 1945–1957 · 1958–1972 · 1973–1993 · 1993–2004 · since 2004 Predecessors European Coal and Steel Community (1951–2002) · European Economic Community (1958–1993/2009) · Euratom (1958–present) · European Communities (1967–1993/2009) · Justice and Home Affairs (1993–2009) · Details Governance Institutions Parliament · European Council · Council of Ministers · Commission · European Court of Justice · Central Bank · Court of Auditors Agencies European Banking Authority · Eurojust · Europol · Frontex · Environment · Reconstruction · Disease Prevention and Control · External Action Service · Maritime Safety Politics Elections · European Parliament constituencies · European Parliament groups · Political parties · Enlargement ('95 · '04 · '07) · Integration · Pro-Europeanism · Euroscepticism · Foreign relations · Euromyth Law Acquis · Competition law · Copyright law · Directive · Journal · Government procurement · Four freedoms (Labour mobility) · Procedure · Regulation · Schengen Agreement · Charter of Fundamental Rights · Treaties (Opt-outs) · Enhanced co-operation · Mechanism for Cooperation and Verification Geography Borders · Extreme points · Largest municipalities · Largest urban areas · Largest metropolitan areas · Larger Urban Zones · Member States · Special territories · Regions Economy Currencies · Common Agricultural Policy (CAP) · Common Fisheries Policy · Budget · Euro · Central Bank · Investment Bank · Investment Fund · Eurozone · Energy · Regional development · Single Market · FTAs · Solidarity Fund · Transport (Galileo system) Culture Citizenship (Passports) · Demographics · Driving licence · Education · Institute of Innovation and Technology · Laissez-Passer · Languages · Religion · Sport · Holidays · Telephone numbers · Symbols · Statistics · Douzelage · Greater Europe Lists Agencies · Councils · Directives · Political parties · Presidency · NUTS regions · Tallest buildings · Vehicle registration plates · Acronyms, jargon and working practices Theory Supranationalism · Intergovernmentalism · Supranational union · Multi-speed Europe · Eurosphere · Optimum currency area Portal This article about the European Union is a stub. 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