Arun Sudhaman 20 Sep 2013 // 2:07AM GMT
LONDON—Europe's banking authority is searching for communications support as the EU moves closer to establishing a banking union in 2014.
The London-based European Banking Authority (EBA), which was created as a response to the 2008 financial crisis, has issued an agency tender worth as much as €900k across four years. The contract calls for a range of activities in support of the body's communication strategy, including media activities; design and production; and event management.
The search comes as regulatory scrutiny of EU banks increases, with the European Central Bank set to take on the principal supervisory role, as part of the push towards an EU banking union.
That development means a modified role for the EBA, which has handled oversight since its launch in 2011. The body will continue to conduct periodic stress tests and work towards harmonising banking regulations in the Eurozone.
The moves aim to help the region avoid the problems faced in 2008, when struggling cross-border banks played a major role in the financial crisis. However, banking union plans remain opposed by numerous countries, largely due to concerns over how banks will be wound down.