Which of these agencies is tasked with regulating banks in the EU?

The European Banking Authority (EBA) is responsible for regulating banks within the European Union. Its primary role is to ensure effective and consistent prudential regulation and supervision across the EU banking sector. The EBA provides guidelines, conducts stress tests, and works to maintain a stable financial environment by harmonizing banking regulations among member states. This helps to promote stronger bank capital requirements, enhance the quality of risk management practices, and improve consumer protection.

In contrast, the other agencies have different responsibilities. The European Securities and Markets Authority (ESMA) focuses on securities markets and investor protection, while the European Insurance and Occupational Pensions Authority (EIOPA) oversees the insurance and pensions sector. The European Systemic Risk Board (ESRB) is responsible for macroprudential oversight across the EU but does not specifically regulate banks on a day-to-day basis. Thus, the EBA is the designated authority for banking regulation in the EU context.