“The available and planned number of staff is not directly proportional to our increased workload, and this is our main operational challenge. The drafting of technical standards, which is indeed one of our core activities and is very resource intensive, will be a challenge for the current and future establishment plans,” says the Executive Director of the European Banking Authority (EBA), Adam Farkas, in the agency’s annual report, published on 20 May.
Technical standards, which are highly complex, clarify various…