The European Banking Authority (EBA) is an 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.
More information:
The EBA chose to implement the Invoke e-Filing for Regulators portal solution for the collection and technical parsing of European supervisory reporting in XBRL.
To implement an independent platform in combination with a tight timeline, it was crucial that the EBA find a provider capable of satisfying our technical and functional constraints. Selecting an off-the-shelf product from an experienced vendor who could deliver the necessary XBRL expertise was the right decision.
Andreas Weller,
Head of IT at the European Banking Authority
