The Annual Report provides a detailed account of all the work the Authority achieved in 2014 and anticipates the key areas of focus in the coming years. During 2014, the EBA made significant progress and continued its crucial role in safeguarding the integrity and stability of the EU banking sector. Among notable achievements were the further development of the Single Rulebook in banking, the continued promotion of supervisory convergence and the assessment of risks, as well as continued work to provide transparency into the EU banking sector. In addition, the EBA carried on with its mandates related to protecting consumers and monitoring financial innovation.