The EBA is represented externally by its Chairperson whose role is also to prepare the work and to lead the discussions at the Board of Supervisors’ table. An Executive Director is also appointed with the tasks of preparing the Management Board meetings and ensuring the day-to-day operational work of the Authority.
The two governing bodies of the EBA are:
- The Board of Supervisors (BoS) which is the main decision-making body of the Authority. It takes all policy decisions of the EBA, such as adopting draft Technical Standards, Guidelines, Opinions and Reports. Decisions on specific matters related to resolution of financial institutions have been delegated by the BoS to the Resolution Committee (ResCo).
- The Management Board whose role is to ensure the Authority carries out its mission and performs the tasks assigned to it. In this respect, it is entrusted with the power to propose, among other things, the annual work programme, the annual budget, the staff policy plan and the annual report.
The EBA works closely with the other European Supervisory Authorities (ESAs) in the framework of the Joint Committee on issues of cross-sectoral relevance. In particular, the Joint Committee works in the areas of supervision of financial conglomerates, accounting and auditing, micro-prudential analyses of cross-sectoral developments, risks and vulnerabilities for financial stability, retail investment products and measures combating money laundering.
Finally, in order to effectively protect the rights of parties affected by decisions adopted by the EBA, a Board of Appeal has been set up.
