Third country equivalence and international cooperation

The main goal of equivalence is to manage effectively and facilitate cross-border activity of financial market players in a sound prudential environment, as third countries adhere and adopt the same high standards of prudential rules that are in force within the EU. To this extent, the recognition of equivalence can provide mutual benefits for both the EU and third country financial markets and institutions. The EBA carries out two types of equivalence assessments: equivalence of the regulatory and supervisory framework, and equivalence of confidentiality and professional secrecy. The equivalence assessment process is a key component for the establishment of cooperation agreements with third countries. Such cooperation agreements cover areas such as the exchange of information with third country authorities relating to equivalence assessment and monitoring, as well as cooperation with EU authorities with regard to supervision, crisis management and resolution matters.

Technical Standards, Guidelines & Recommendations


Opinions, Reports and other Publications