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This Recommendation specifies the EBA's opinion on the confidentiality and professional secrecy regime of non-EU supervisory authorities, with the aim of facilitating their participation in supervisory colleges overseeing international banks, led by EU supervisors, as established by Art. 116(6) CRD. The assessment considers the key characteristics of the Capital Requirements Directive confidentiality regime. The Recommendation is updated in case new information becomes available and if new authorities are assessed

The European Banking Authority (EBA) published today a Recommendation specifying its opinion on the confidentiality regime of several non-EU supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks, led by EU supervisors. The paper looks at the conditions that need to be met in terms of confidentiality requirements and gives an overview of equivalence to EU standards. This work aims to harmonise the application of Art. 116 (6) of the Capital Requirements Directive (CRD) in the composition of supervisory colleges.