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The EBA strengthens cross border supervisory cooperation with third countries through its updated equivalence Guidelines
The European Banking Authority (EBA) has updated its Guidelines on the equivalence of confidentiality and professional secrecy regimes in third countries, reinforcing the EU’s commitment to safeguarding confidential information and enabling effective cross border supervisory cooperation.
Update on EBA equivalence monitoring
The EBA publishes an update of its equivalence monitoring activities
The European Banking Authority (EBA) has updated its confidential Report on equivalence monitoring activities and submitted it to European Parliament, the Council, the European Commission and the other European Supervisory Authorities (ESAs). To enhance transparency, the EBA also published a public summary outlining recent regulatory and supervisory developments in 26 non-EU jurisdictions deemed equivalent under the Capital Requirements Regulation (CRR).