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The European Banking Authority (EBA) published today its annual work programme for 2024, setting out the key strategic areas for the Authority to work on in the coming year, as well as related activities and tasks.
The focus will be on i) implementing the EU banking package (Capital Requirements Regulation - CRR III / Capital Requirements Directive - CRD VI), ii) monitoring financial stability and sustainability against a backdrop of increased interest rates and uncertainty, iii) providing a data infrastructure at the service of stakeholders, iv) developing oversight and supervisory capacity for the Digital Operational Resilience Act (DORA) and the Markets in Crypto Assets Regulation (MiCAR), and v) increasing attention on innovation and consumers (including access to financial services) while preparing the transition to the new anti-money laundering and countering the financing of terrorism (AML/CFT) framework. All this will require adequate liaison and cooperation with EU and non-EU stakeholders.
Facing these challenges with broadly unchanged human and financial resources in 2024, the EBA needs to reap as many internal and external synergies as possible, and to carefully prioritise and redeploy its resources.
As in previous years, the work programme benefitted from the recommendations of the EBA’s Advisory Committee on Proportionality.