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The EBA’s work programme provides a comprehensive overview of the Authority’s objectives and activities for the next few years, in accordance with its mandate and the ambitions of the Management Board.
The planning of the EBA’s work programme is an essential exercise to determine the focus of the EBA’s work and where it should allocate its resources, ensuring appropriate prioritisation of the EBA’s tasks for 2018. The EBA’s work programme comprises its annual and multiannual work programmes.
The 2018-2021 multi-annual work programme is defined by the strategic areas that the EBA has proposed for the coming years, and summarises the main objectives derived from the mandates specified in the Regulation and from the relevant EU banking sector legislation.
Each strategic area is complemented by annual work programme activities that detail the tasks to be delivered within the year and the resources needed for that purpose. These provide transparency and accountability to the EBA’s stakeholders, serving internally to link day-to-day work and processes with strategic areas.
The EBA expects a considerable number of legislative reforms from the European Commission, which will affect the planned work for 2018. These are:
The EBA has also received new mandates that are already included in this document. These are:
Additionally, the UK’s triggering of Article 50 of the Treaty on European Union has started the two-year process for its exit from the EU. The EBA’s activities will be affected and any substantial change in the work programme will be communicated in due time, in order to seek steering and approval from the Management Board and Board of Supervisors.
Finally, in the areas of payment services and consumer protection, the EBA will be shifting its focus towards the convergence of supervisory practices, in respect of the EBA’s Guidelines on product oversight and governance as well as the transitional period of PSD2.