The role and tasks of the EBA related to consumer protection and financial activities include: collecting, analysing and reporting on consumer trends in the EU; reviewing and coordinating financial literacy and education initiatives; developing training standards for the industry; contributing to the development of common disclosure rules; monitoring existing and new financial activities; issuing warnings if a financial activity poses a serious threat to the EBA’s objectives as set out in the its funding Regulation; and temporarily prohibiting or restraining certain financial activities, provided certain conditions are met.
Looking backward, it can be measured by de-cycling actual productivity growth or by computing actual productivity growth over periods long enough to wash out the effect of the business cycle. Extrapolating the trend rate forward, it is the rate of actual productivity growth that would be expected if the economy remained at full employment.