EBI has been selected by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) (together, the ESAs) as academic partner. On 24 July 2023, a Memorandum of Understanding (MoU) was signed to create a long-term collaboration between ESAs and the European Banking Institute.
ESAs at a glance:
European Banking Authority (EBA)
EBA is the independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector.
The main task of the EBA is to contribute to the creation of the European Single Rulebook in banking whose objective is to provide a single set of harmonised prudential rules for financial institutions throughout the EU. The Authority also plays an important role in promoting convergence of supervisory practices and is mandated to assess risks and vulnerabilities in the EU banking sector.
European Insurance and Occupational Pensions Authority (EIOPA)
EIOPA is at the heart of insurance and occupational pensions supervision in the EU. Its aim is to foster financial stability and confidence in the insurance and pensions markets.
EIOPA is an independent advisory body to the European Commission, the European Parliament and the Council of the European Union. EIOPA is one of the EU agencies carrying out specific legal, technical or scientific tasks and giving evidence-based advice.
European Securities and Markets Authority (ESMA)
ESMA is the EU’s financial markets regulator and supervisor. ESMA’s mission is to enhance investor protection, promote orderly financial markets and safeguard financial stability.
ESMA achieves its mission in the European System of Financial Supervision (ESFS) through active co-operation with national and other EU authorities. While ESMA has a unique position within the ESFS – focusing on regulating and supervising securities and financial markets at the EU level – it works closely together with NCAs to ensure the most effective regulation and supervision of EU financial markets as a whole.