EBA at a glance

What the EBA is

The Euro Banking Association (EBA) is a practitioners’ body for banks and other service providers supporting a pan-European vision for payments.

The mission of the EBA is to provide payment professionals with a country-neutral forum for driving and contributing to the delivery of pan-European co-operative payment initiatives and business practices.

The EBA membership includes over 180 institutions from across Europe and beyond.

What the EBA does

The activities of the EBA can be divided into four core areas:

  • Thought Leadership: the EBA runs activity streams geared at deepening the knowledge of its membership and the wider industry on key payments-related topics and their understanding of regulatory requirements and their practical implications. Through this work, the Association helps members to develop policies, strategies and roadmaps for a rapidly changing and complex payments environment;
  • Industry Dialogue: the EBA fosters a dialogue with its members, other industry bodies and the wider stakeholder community. The aim of this activity area is to drive and contribute to the delivery of pan-European co-operative payment initiatives and business practices.
  • Knowledge and Research: the EBA shares the outcome of its thought leadership and industry dialogue activities with a wider audience through the publication of market guides, research and opinion papers and other insightful documentation on payment matters;
  • Networking and Education: the EBA organises events that enable payment practitioners to broaden their understanding of the payments business and landscape and to directly interact with peers from payments-related organisations all across Europe.

Where the EBA comes from

The EBA was founded in 1985 by 18 commercial banks and the European Investment Bank with the support of the European Commission.

The EBA's original mission was to promote the ECU and to facilitate its use by developing and managing the ECU Clearing System.

As owner and operator of the ECU Clearing System, the EBA provided a useful forum for payment practitioners to develop a pan-European vision and roadmap in preparation of the European Monetary Union. The EBA became the incubator of pan-European payment infrastructure services for euro transactions. In close co-operation with its member banks, the Association successively delivered EURO1, a large-value clearing system for euro payments, STEP1, a single payment system for commercial transactions and STEP2, a pan-European automated clearing house (PE-ACH) processing euro retail payments in euro. Upon completion, all three payment systems were handed over to the EBA CLEARING Company, which continues to manage and operate these systems.

Over the past few years, the EBA has played a major role in actively supporting banks in their migration to the Single Euro Payments Area (SEPA) and in other bank-driven initiatives requiring hands-on co-operation at a pan-European level. This work has included contributing to the development and improvement of pan-European business practices in co-operation with regulatory and industry bodies as well as communicating and explaining these business practices and other industry developments to the EBA membership and to the wider industry.