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EBA Publishes 2024 Report on Supervisory Convergence Including AML/CTF

  • Writer: OpusDatum
    OpusDatum
  • 5 days ago
  • 2 min read
Logo of the European Banking Authority with dark blue "eba" text and yellow line, followed by "European Banking Authority" on a white background.

The European Banking Authority (EBA) has today released its annual Report on the convergence of supervisory practices for 2024 across the European Union. The Report highlights the EBA’s sustained efforts to strengthen supervisory alignment among Member States, covering prudential supervision, resolution, consumer protection, digital finance, and—until the end of 2025—anti-money laundering and countering the financing of terrorism (AML/CFT).


This year’s Report marks the first step in implementing the EBA’s recommendations on improving the efficiency of the EU’s regulatory and supervisory framework. Moving forward, the EBA will place a stronger emphasis on supervisory outcomes, ensuring consistency and robustness across the European financial system.


Key Highlights


  • Prudential supervision: The European Supervisory Examination Programme (ESEP) 2024 focused on liquidity and funding risk, interest rate risk and hedging, and recovery operationalisation. While overall risk levels remain stable, challenges persist in data quality, stress testing, and modelling assumptions. The EBA will continue to monitor risks linked to online deposit platforms and compliance with Supervisory Outlier Tests (SOTs) throughout 2025.


  • Resolution and crisis management: The Report notes significant progress in operationalising resolution tools, particularly the bail-in mechanism across borders. Enhanced coordination among authorities and improved management information systems have strengthened crisis preparedness. Ongoing challenges include data quality and ensuring legal recognition of bail-in actions.


  • Digital finance: The EBA intensified preparations for the Markets in Crypto-Assets Regulation (MiCA), focusing on supervisory approaches for asset reference token (ART) and e-money token (EMT) issuers. An EU-wide supervisory handbook and coordinated workshops have been developed to promote convergence from the outset.


  • Consumer protection and AML/CFT: National authorities achieved greater alignment in risk-based supervision and cooperation, supported by AML/CFT college monitoring and implementation reviews. The EBA is also facilitating the smooth transfer of AML/CFT supervisory responsibilities to the forthcoming EU Anti-Money Laundering Authority (AMLA) at the end of 2025.


  • Cross-cutting activities: The EBA continued to strengthen supervisory culture through peer reviews, Q&As, breach of Union law investigations, and training. In 2024 alone, it delivered 23 courses to more than 3,000 participants, promoting best practice and capability-building across the EU.


Legal Basis, Background & Next Steps


This publication fulfils Recommendation 17 of the EBA’s Report on the Efficiency of the Regulatory and Supervisory Framework (EBA/REP/2025/26), committing the Authority to provide a more detailed account of supervisory convergence.


Under Articles 1(5)(g) and 29 of its founding regulation, the EBA is mandated to enhance supervisory convergence and ensure the consistent application of the Single Rulebook across Member States. It also reports annually to the European Parliament and Council under Article 107 of the Capital Requirements Directive (CRD) on convergence in the Supervisory Review and Evaluation Process (SREP).


As the Single Rulebook matures, the EBA will increasingly prioritise supervisory convergence over new policy development, remaining vigilant to emerging risks and committed to maintaining the stability and integrity of the EU banking sector.


Read the press release and report here.

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