The European Banking Authority (EBA) has published its work programme, setting out its main objectives, priorities and deliverables for 2019.

The EBA’s 5 strategic areas for 2019 include to:

  • lead the Basel III implementation in the EU;
  • understand the risks and opportunities arising from financial innovation;
  • collect, disseminate and analyse banking data;
  • ensure a smooth relocation of the EBA to Paris; and
  • foster the increase of the loss-absorbing capacity of the EU banking system.

Four horizontal priorities for policy work include to:

  • further efforts in implementing the proportionality principle;
  • strengthen supervisory convergence and integrity of the Single Rulebook;
  • enhance consumer protection; and
  • prepare for the withdrawal of the UK from the EU.