Difference between revisions of "European Banking Authority"

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The European Banking Authority (EBA) acts as a hub and spoke network of the European Union and the national bodies. It safeguards public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.<ref>{{cite web|url=http://www.eba.europa.eu/Aboutus.aspx|name=EBA - About Us|org=European Banking Authority|date=May 6, 2019}}</ref> Upon officially coming into being on January 1, 2011, the EBA took over all existing and ongoing tasks and responsibilities from the Committee of European Banking Supervisors (CEBS).
 
The European Banking Authority (EBA) acts as a hub and spoke network of the European Union and the national bodies. It safeguards public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.<ref>{{cite web|url=http://www.eba.europa.eu/Aboutus.aspx|name=EBA - About Us|org=European Banking Authority|date=May 6, 2019}}</ref> Upon officially coming into being on January 1, 2011, the EBA took over all existing and ongoing tasks and responsibilities from the Committee of European Banking Supervisors (CEBS).
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== Cryptocurrency ==
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In January 2019, the EBA published the results of its year-long assessment of the applicability and suitability of European Union laws to [[cryptocurrency]]. The report found that "a significant portion of activities involving crypto-assets do not fall within the scope of current EU financial services law (but may fall within the scope of national laws)." The report noted that Germany banned crypto derivative products and that the U.K. was considering a similar ban.<ref>{{cite web|url=https://finance.yahoo.com/news/europes-banking-watchdog-says-eu-laws-crypto-may-needed-101456011.html|name=Europe's banking watchdog says EU laws on crypto may be needed|org=Yahoo Finance|date=May 6, 2019}}</ref><ref>{{cite web|url=https://eba.europa.eu/-/eba-reports-on-crypto-assets|name=EBA reports on crypto-assets|org=European Banking Authority|date=May 6, 2019}}</ref>
  
 
== References ==
 
== References ==

Revision as of 15:35, 6 May 2019


European Banking Authority
European banking authority2.jpg
Founded 2011
Headquarters London
Key People Jo Swyngedouw, Interim Chairperson; Adam Farkas, Executive Director
Products Banking regulator
Twitter @EBA_News
LinkedIn Profile
Website EBA Homepage
Releases Company News

The European Banking Authority (EBA) acts as a hub and spoke network of the European Union and the national bodies. It safeguards public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.[1] Upon officially coming into being on January 1, 2011, the EBA took over all existing and ongoing tasks and responsibilities from the Committee of European Banking Supervisors (CEBS).

Cryptocurrency

In January 2019, the EBA published the results of its year-long assessment of the applicability and suitability of European Union laws to cryptocurrency. The report found that "a significant portion of activities involving crypto-assets do not fall within the scope of current EU financial services law (but may fall within the scope of national laws)." The report noted that Germany banned crypto derivative products and that the U.K. was considering a similar ban.[2][3]

References

  1. EBA - About Us. European Banking Authority.
  2. Europe's banking watchdog says EU laws on crypto may be needed. Yahoo Finance.
  3. EBA reports on crypto-assets. European Banking Authority.