The EBA has launched a consultation on draft Guidelines on 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. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information.
In particular, the draft Guidelines specify that the disclosure of confidential information in summary or collective form should be made available in anonymised form, either by means of a brief statement or on an aggregate basis. The draft Guidelines also introduce three principles that should be considered when disclosing such information:
- As a general rule, confidential information should relate to a minimum number of three institutions or entities.
- No references should be made to specific characteristics, distinctive features, names or numerical, qualitative and other distinctive data which would allow the identification of the individual institutions or entities;
- Disclosure of confidential information should be avoided under specific circumstances, which would pose a risk that the individual institutions or entities could be identifiable.
The consultation runs until 27 January 2016. A public hearing will take place at the EBA premises on 13 January 2016 from 10:00am to 12:00pm.