EBA publishes work programme for 2021, with focus on innovation and fighting AML/CFT

In 2021, the EBA will focus on six strategic areas:

• (i) supporting the deployment of the risk reduction package and the implementation of effective resolution tools;
• (ii) reviewing and upgrading the EU-wide EBA stress testing framework;
• (iii) becoming an integrated EU data hub by leveraging on the enhanced technical capability for performing flexible and comprehensive analyses;
• (iv) contributing to the sound development of financial innovation and operational resilience in the financial sector;
• (v) building the infrastructure in the EU to lead, coordinate and monitor AML/CFT supervision; 
• (vi) providing the policies for factoring in and managing Environmental, Social and Governance (ESG) risks.

Regarding its horizontal streams of work, the EBA will continue working towards (a) establishing a culture of sound and effective governance and good conduct in financial institutions, and particularly focus on (b) addressing the aftermath of COVID-19.