EBA

European Banking Authority

EU
🏛️
Jurisdiction
European Union
📋
Regulations
3
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About EBA

The European Banking Authority (EBA) is the primary financial regulatory authority in European Union responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), EBA ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: The EBA is responsible for the regulatory framework and technical standards for PSD2 and other EU-wide financial regulations. National regulators in EU member states implement and enforce these standards locally.

Jurisdiction: European Union Member States

The EBA sets regulatory standards that apply across all EU member states. Each country has its own National Competent Authority (NCA) that implements and enforces these regulations locally.

Regulations Overseen

EBA is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

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