The European Supervisory Authority (European Banking Authority) (EBA), established in 2011 by Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), ⁽¹⁾, and the European System of Financial Supervision (ESFS) established by Article 2 of that Regulation, and Article 2 (opens EUR-Lex in a new tab) of Regulation (EU) No 1094/2010 (opens EUR-Lex in a new tab) of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority) ⁽²⁾ (EIOPA) and Article 2 (opens EUR-Lex in a new tab) of Regulation (EU) No 1095/2010 (opens EUR-Lex in a new tab) of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority) ⁽³⁾ (ESMA) have significantly improved cooperation between banking supervisors within the Union. EBA is making important contributions to the creation of a single rulebook for financial services in the Union, and has been crucial in implementing in a consistent way the recapitalisation agreed by the euro Summit of 26 October 2011 of major Union credit institutions, consistent with the guidelines and conditions relating to State aid adopted by the Commission.