CRD 4: EBA publishes further recommendations on the equivalence of confidentiality regimes

These recommendations are 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 recommendations:

• 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 

The recommendations will be translated into the official languages of the EU and published on the EBA website. Competent authorities must report whether they comply within two months of the publication of the translations. The recommendations apply from 12 January 2017.