The European Banking Authority (EBA) took over the supervision of the European banking industry from the Committee of European Banking Supervisors (CEBS) on 1 January 2011. The national supervisory authorities are members of the EBA. Central banks without supervisory responsibility participate as observers.
The EBA advises EU institutions on political and legislative issues regarding banking supervision and also promotes collaboration on and convergence of supervisory practices in the EU through guidelines and recommendations for credit institutions and national authorities.
Along with other banks from EU countries, Danske Bank participates in transparency exercises initiated by the EBA. The purpose is to collect and disclose information about the banks to further enhance transparency. As a large financial institution, Danske Bank is required by the EBA to publish the indicators used to identify global systemically important banks (G-SIBs). Danske Bank is not identified as a G-SIB.