The European Banking Authority published its 2024 Report on Supervisory Convergence, summarising efforts to align supervisory practices across EU Member States in prudential supervision, resolution, consumer protection, digital finance and, until end-2025, anti-money laundering and countering the financing of terrorism. The report is framed as a first step in implementing recommendations from the EBA’s review of the efficiency of the regulatory and supervisory framework and signals a stronger focus on supervisory outcomes to support consistent supervision across the EU. In prudential supervision, the 2024 European Supervisory Examination Programme focused on liquidity and funding risk, interest rate risk and hedging, and recovery operationalisation, with risk levels described as stable but with ongoing challenges around data quality, stress testing scenarios and modelling assumptions. Resolution work highlighted progress in operationalising tools, particularly cross-border bail-in, alongside improved coordination and management information systems, while challenges remain on data quality and legal recognition of bail-in actions. Digital finance convergence centred on preparations for supervising under the Markets in Crypto-Assets Regulation, including oversight of asset-referenced token and e-money token issuers, supported by an EU-wide supervisory handbook and workshops. In consumer protection and AML/CFT, the report points to improved cooperation and more risk-based supervision, including through AML/CFT college monitoring and implementation reviews, as authorities prepare for the handover of AML/CFT supervisory responsibilities to the EU Anti-Money Laundering Authority at end-2025. Looking ahead, the EBA indicates it will continue monitoring risks linked to online deposit platforms and compliance with Supervisory Outlier Tests in 2025, and will gradually increase the emphasis placed on supervisory convergence work relative to policy development.

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