EBA publishes 2024 report on supervisory convergence in EU

The European Banking Authority (EBA) today published its annual Report on convergence of supervisory practices for 2024 across the European Union (EU). The Report details the EBA’s extensive efforts to strengthen the alignment of supervisory approaches across Member States. It covers all dimensions of its activities: prudential, resolution, consumer protection, digital finance and, until the end of 2025, anti-money laundering/countering the financing of terrorism (AML/CFT). This is also a first step in implementing recommendations from the EBA’s Report on the efficiency of the regulatory and supervisory framework. Going forward, the EBA will deepen its focus on supervisory outcomes to ensure consistent and robust supervision across the EU.