The European Banking Authority announced guidelines Tuesday to improve communication between regulators and auditors of credit institutions in a bid to protect the European Union’s banking sector and learn the lessons of the financial crisis. The European Banking Authority ( EBA ) has unveiled new regulations in a bid to push banks and investors to communicate better . The development is in an attempt to protect the EU 's banking sector and avoid falling into another financial crisis .
The European Banking Authority ( EBA ) has unveiled new regulations in a bid to push banks and investors to communicate better . The development is in an attempt to protect the EU 's banking sector and avoid falling into another financial crisis .