Partnership with EU Supervisory Authorities (ESAs)
The European Banking Institute (EBI) has been selected by the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) as academic partner and on 25 July 2023 a Memorandum of Understanding was signed to create a long-term collaboration among EBI and the ESAs.
Under the Memorandum of Understanding (MoU):
- representatives from EBA, ESMA and EIOPA will participate in the career fairs/days organised by EBI and its Academic Members;
- EBI will circulate and promote with its members and affiliates traineeship vacancies in the ESAs;
- representatives from EBA, ESMA and EIOPA will be invited to give lectures and speeches at EBI events;
- ESAs will provide feedback on courses upon invitation;
- EBI and ESAs will cooperate and develop academic projects.
ESAs at a glance
The European Banking Authority (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.
The European Securities and Markets Authority (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
The European Insurance and Occupational Pensions Authority (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.