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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.