rec_15

(15) In order for EBA to exercise its mandate effectively, it should make full use of all its powers and tools under Regulation (EU) No 1093/2010 while respecting the principle of proportionality. For that purpose, it should develop regulatory and supervisory standards, in particular by developing draft regulatory technical standards, draft implementing technical standards, guidelines and recommendations, and providing opinions for preventing and countering money laundering and terrorist financing in the financial sector and promoting their consistent implementation in line with the mandate provided for in the relevant legislative acts referred to in Article 1(2) and Article 16 of the founding regulations. The measures that EBA adopts to promote integrity, transparency and security in the financial system and to prevent and counter money laundering and terrorist financing should not exceed what is necessary to achieve the objectives of this Regulation or of the legislative acts referred to in Article 1(2) of the founding regulations and should take duly into account the nature, scale and complexity of risks, business practices, business models and the size of financial sector operators and of markets.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.