The European Banking Authority (EBA) has published a Recommendation specifying its opinion on the confidentiality regime of several non-EU supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks. The EBA looked specifically at ensuring that each non-EU authority is subject to a confidentiality regime equivalent to the one provided in the EU by the Capital Requirements Directive IV. The non-EU authorities reviewed included: Canada, China, Mexico, Singapore, Switzerland and the US. Competent authorities must notify the EBA as to whether they comply or intend to comply with the Recommendation by 2 June 2015.

View EBA issues recommendation on equivalence of non-EU authorities for participation in supervisory colleges, 1 April 2015