IMF Staff Country Reports

European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Banking Authority

Publication Date:

March 15, 2013

Electronic Access:

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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. Outlook for the sector remains challenging as asset quality has been deteriorating. Priority should be given to increasing its supervisory convergence and quality assurance tasks; regulatory and supervisory actions; and strengthening transparency and the reliability of data.

Series:

Country Report No. 2013/074

Subject:

Banking Education External balance assessment (EBA) External position Financial Sector Assessment Program Financial sector policy and analysis Labor Stress testing