On April 19, 2016, the EBA published a report, including final Guidelines, on how confidential information collected under the EU Bank Recovery and Resolution Directive should be disclosed. The BRRD restricts the disclosure of confidential information by recipients of such information in the course of their professional activities unless certain conditions are met. One of these conditions is that the information is in summary or collective form such that the relevant entity cannot be identified. The EBA's Guidelines stipulate that confidential information should be provided either in a brief statement or on an aggregate basis, in anonymized form, taking into account the number of institutions, specific patterns and the context of the disclosure. Regulators of EU member states have six months from when the translated versions are published by the EBA to implement the Guidelines.

The report and Guidelines are available at: http://www.eba.europa.eu/documents/10180/1441885/EBA-GL-2016- 03+%28Final+report+on+GL+on+the+provision+of+information+in+summary+or+collective+form+for+the+purposes +of+Article+84%283%29%20of+BRRD.pdf