EBA says European banking supervision practices are converging but some areas lag

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The EBA's London offices

Competent supervisory authorities in European countries made considerable progress towards achieving cross-border convergence in some of their practices in 2015, the European Banking Authority (EBA) has said. Some challenges do remain, the EBA noted in its report on the matter, published July 14.

Convergence had been helped by supervisors' preliminary work on implementing the EBA's guidelines on the European supervisory review and evaluation process (Srep). The Srep came into force on January 1

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