The President of EMEA, Prof. Rym Ayadi, was re-nominated as an independent top-ranking academic member of the Banking Stakeholders Group (BSG) of the European Banking Authority (EBA).The EBA Banking Stakeholder Group (BSG) held on 07 July 2020 its first meeting in its new composition. The renewed BSG, the fifth one since the establishment of the European Banking Authority (EBA) in 2011, was agreed by the EBA Board of Supervisors at its meeting on 17 June 2020. The 30 selected members, who started their new four-year mandate on 1 July 2020, will provide advice to the EBA on its policy work and must be consulted on technical standards, guidelines and recommendations.
Following a call for expression of interest launched on 6 March 2020, the EBA carried out a selection process to ensure an adequate balance between EU Member States, represented entities and members’ gender. The renewed BSG represents (i) the financial institutions operating in the Union, with 13 members; (ii) consumers, users of banking services, employees’ representatives of financial institutions operating in the Union and representatives of SME’s, with 13 members; (iii) independent top-ranking academics with 4 members.
Prof. Ayadi has been re-nominated as one of the four independent top-ranking academics. On 26 February 2019 Prof. Ayadi was elected as Chair of the fourth EBA BSG. She is also member of the Advisory Committee on Proportionality (ACP) of the European Banking Authority (EBA).
Following the changes introduced by the ESAs’ Review to the EBA Regulation, Article 37 was amended, with effect on 1 January 2020. The changes, which relate to the composition, length of mandate, and scope of activities of the Stakeholder Groups, required the EBA to re-establish the BSG in a different composition.
The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector.