The European Banking Authority (EBA) has published a consultation paper on draft guidelines on the provision of information in summary or collective form for the purposes of Article 84(3) of the Bank Recovery and Resolution Directive (BRRD).
The draft guidelines specify that for the purposes of disclosing information in summary or collective form according to Article 84(3) of the BRRD, such that individual institutions or entities cannot be identified, the information should be provided either by means of a brief statement or on an aggregate basis, in anonymised form.
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; and
- 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 deadline for comments to the consultation paper is 27 January 2016.
View EBA consults on Guidelines on how confidential information collected under the BRRD should be disclosed, 27 October 2015