European Banking Authority London
The european banking authority eba is a regulatory agency of the european union headquartered in paris its activities include conducting stress tests on european banks to increase transparency in the european financial system and identifying weaknesses in banks capital structures.
European banking authority london. Discussion of key themes. European banking authority eba chief adam farkas poses for a picture at the eba offices in london s canary wharf financial district on march 23 2017. The european banking authority eba closed its canary wharf office. Discussion of key themes by latham watkins llp on september 14 2018 posted in brexit emerging companies and technology eu and competition finance and capital markets.
The roughly 160 person european banking authority has been headquartered in london since it was founded in 2011 to draft and coordinate banking rules across the european bloc. The guidelines create new obligations for financial payment and electronic money institutions that will impact cloud outsourcing and deployment of fintech. London is losing the european medicines agency to amsterdam and the european banking authority to paris in one of the first concrete signs of brexit as the uk prepares to leave the european union. Maclean and laura holden on 25 february 2019 the european banking authority eba published a final report on its draft guidelines on outsourcing arrangements guidelines.
European banking authority s draft guidelines on outsourcing. Whereas capital ratios held up well there are indications that the crisis starts to have an impact on asset quality. The european banking authority eba published today its quarterly risk dashboard covering q2 2020 data and summarising the main risks and vulnerabilities in the eu banking sector. The european banking authority eba works to ensure effective and consistent prudential regulation and supervision across the european banking sector.
Among other tasks the eba assesses risks and vulnerabilities in the eu banking sector through regular risk assessment reports and eu wide stress tests. Yesterday may 30 an important part of london s influence in the european financial world quietly slipped away. The eu is preparing to move its european banking authority from london following britain s vote to leave the union eu officials said on sunday setting up a race led by paris and frankfurt to.