EBA publishes final Guidelines for disclosing confidential information under the BRRD

The European Banking Authority (EBA) published today its final Guidelines defining how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities.

In developing these Guidelines, the EBA sought to foster convergent practices by: giving guidance on how confidential information should be provided in summary or collective form and defining the principle-based factors (i.e. number of institutions, specific patterns and context of disclosure) for ensuring that when information is disclosed such in summary or collective form, individual institutions or entities cannot be identified (i.e. in an anonymised form).

The approach taken in these Guidelines is intended to strike a balance between the need to achieve an appropriate level of convergence of practices regarding how confidential information should be provided in summary or collective form, and the need to ensure flexibility, considering that there may be many different types of confidential information, as well as many different circumstances and situations under which confidential information may need to be disclosed.

The EBA statement and the full report are available here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

Posted in UncategorizedTagged ,

Leave a Reply

Your email address will not be published. Required fields are marked *