The European Banking Authority (EBA) published today its annual work programme for 2021, describing the activities and tasks of the Authority for the coming year and highlighting its key strategic areas of work.
In 2021, the EBA will focus on six
strategic areas: (i) supporting the deployment of the risk reduction
package and the implementation of effective resolution tools; (ii)
reviewing and upgrading the EU-wide EBA stress testing framework; (iii)
becoming an integrated EU data hub by leveraging on the enhanced
technical capability for performing flexible and comprehensive analyses;
(iv) contributing to the sound development of financial innovation and
operational resilience in the financial sector; (v) building the
infrastructure in the EU to lead, coordinate and monitor AML/CFT
supervision; and (vi) providing the policies for factoring in and
managing Environmental, Social and Governance (ESG) risks.
Regarding its horizontal streams of work, the EBA will continue
working towards (a) establishing a culture of sound and effective
governance and good conduct in financial institutions, and particularly
focus on (b) addressing the aftermath of COVID-19.
The strategic priorities of the EBA work programme for 2021 will be made available in all EU official languages.
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