hodl_2015
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July 04, 2014, 07:24:59 PM

EBA is a post 2008 crisis institution. You could read more here : http://en.wikipedia.org/wiki/European_Banking_Authority
If I read it correctly, the purpose of the EBA was to mandate regulations, to prevent that banks needed to compete with cheaper banks in countries with less regulations. They would have named it European Banking Cartel, but then even the name would have been almost the same as the ECB :-)
It's these guys job to discourage bitcoin, I don't know what took them this long.