EBA欧洲银行-EBA-DC-003_Language-Arrangements_-FINAL_1页_78kb

EBA Management Board Decision on Internal Language Arrangements

Core Content

The Management Board of the European Banking Authority (EBA) has made a decision regarding the internal working language of the institution. This decision is grounded in the legal framework established by Regulation (EU) No 1093/2010, which sets up the EBA as a European Supervisory Authority. The decision aligns with the existing practices in the international financial sector, where English is widely recognized as the standard language of communication.

Main Points

• Legal Basis: The decision is based on Article 73(2) of Regulation (EU) No 1093/2010, which outlines the authority's structure and functions.
• Language Context: English is noted as a customary language in international finance and was previously the working language of the Committee of European Banking Supervisors.
• Internal Working Language: The EBA has officially adopted English as its internal working language.
• Entry into Force: The decision becomes effective immediately upon adoption.
• Location and Date: The decision was made in London on 12 January 2011.
• Signatory: Thomas Huertas, Alternate Chairperson of the Management Board, signed the decision on behalf of the Board.

Key Information

• Purpose: To ensure effective communication and operational efficiency within the EBA.
• Scope: Applies to all internal activities, including meetings, documentation, and decision-making processes.
• Relevance: Reflects the EBA's role in a globalized financial environment and its alignment with international standards.
• Effectiveness: The immediate entry into force ensures that the EBA can begin using English as its working language without delay.

This decision underscores the EBA's commitment to maintaining a high standard of communication and coordination within its operations, facilitating collaboration with international financial institutions and stakeholders.