Recommendation amending EBA/Rec/2015/01 on the equivalence of confidentiality regimes

Status: Final and translated into the EU official languages

With this Recommendation, several additional non-EU supervisory authorities were added to the list of non-EU or third country supervisory authorities whose confidentiality regimes can be regarded as equivalent. The EBA Recommendation is designed as a guide for EU authorities in their assessment of the equivalence of confidentiality regimes of third country supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks.

  • Press Release
EBA updates recommendation on the equivalence of third country confidentiality regimes

EBA updates recommendation on the equivalence of third country confidentiality regimes

20 June 2018

The European Banking Authority (EBA) updated today its Recommendation on the equivalence of confidentiality and professional secrecy regimes by adding three non-EU (third country) supervisory authorities to the current list of third country supervisory authorities whose confidentiality regimes can be regarded as equivalent. The EBA Recommendation is designed as a guide for EU authorities in their assessment of third country equivalence with the aim of facilitating cooperation with third country supervisory authorities and their participation in supervisory colleges overseeing international banks.
 
The EBA's equivalence assessment, which is  based on the relevant provisions of the Capital Requirements Directive (CRD IV), has considered the following third country authorities as equivalent: 
 
  • The Guernsey Financial Services Commission (the Bailiwick of Guernsey);
     
  • The Superintendence of the Financial Services of the Central Bank of Uruguay (the Oriental Republic of Uruguay); and
     
  • The Bank of Korea (the Republic of Korea).
 

Press contacts:

Franca Rosa Congiu

E-mail: press@eba.europa.eu - Tel: +44 (0) 207 382 1772

EBA updates recommendation on the equivalence of supervisory regimes

EBA updates recommendation on the equivalence of supervisory regimes

11 January 2017

The European Banking Authority (EBA) published today an amended Recommendation on the equivalence of confidentiality regimes. Several additional non-EU supervisory authorities were added to the list of non-EU or third country supervisory authorities whose confidentiality regimes can be regarded as equivalent.
 
The EBA Recommendation is designed as a guide for EU authorities in their assessment of the equivalence of confidentiality regimes of third country supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks.
 
The following third country authorities have been added to the Recommendation: the Australian Prudential Regulation Authority, the Reserve Bank of Australia, the Hong Kong Monetary Authority, the Bank of Japan, the Japan Financial Services Agency, and the Central Bank of the Republic of Kosovo. This Recommendation was based on the assessment of the confidentiality regimes and follows the prescriptions in the Capital Requirements Directive (CRDIV) on the participation of third country authorities in EU colleges of banking supervisors.
 

Press contacts:

Franca Rosa Congiu

E-mail: press@eba.europa.eu - Tel: +44 (0) 207 382 1772