Data management and software infrastructures Improving software infrastructure and analysis and enhancing prudential reporting set-ups.National Development Banks (NDBs) Developing internal assessment tools, improving organisational structures, capacity building. ![]() Prudential supervision Implementation of the European Banking Authority’s guidelines, supervisory manuals and training development of models supporting supervisory assessment.In doing so, they have to strike the difficult balance of strengthening the institutions’ resilience without undermining their business sustainability. Supervisors therefore regularly assess and adjust supervisory practices to ensure effective stimulus and monitoring of the banking sector. The market environment is shaped by new digital technologies, dynamic consumer preferences, increasing competition and changing regulations. Maintaining an efficient and reliable banking system is important for achieving sustainable economic growth. The technical support is focused on strengthening the sector’s oversight, responding to the quickly changing market and supporting broad financing options for the real economyĭownload the brochure about Financial sector and access to finance > ![]() The Commission provides technical support to EU Member States across a broad spectrum of reforms in the financial sector. These initiatives have resulted in new and complex legal frameworks requiring implementation at national level. To address the current challenges and to seize new opportunities, the EU has adopted various initiatives. ![]() More recently, re-emerging risks for the financial sector will need to be addressed as part of the EU economic recovery efforts. Challenges on development of new technologies, the fragmentation of the EU markets and climate change continue to exist. Businesses, citizens and national authorities have been affected by the financial crisis. The financial sector has been under considerable pressure in the past decade.
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