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Confidentiality Agreement between Single Resolution Board and Bank of Albania
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Effective [Date], the Single Resolution Board (SRB) and the Bank of Albania have entered into a confidentiality agreement to facilitate cooperation and information exchange in relation to the resolution of banks.
Terms of the Agreement
Under the terms of the agreement, the SRB may disclose confidential information to certain National Resolution Authorities listed in Annex B on a need-to-know basis. The disclosure will be subject to the condition that the recipient authority agrees not to further disclose the information, except to other persons listed on Annex B or as authorized by the SRB.
Assurance and Confidentiality
The SRB has obtained assurance from each National Resolution Authority receiving confidential information that it will maintain professional secrecy and only use the information for the purpose of resolving banks. The SRB will also inform the Bank of Albania on a regular basis of any requests made to disclose confidential information and the information shared as a result.
Duration of Cooperation
The agreement provides that cooperation under its terms will commence immediately and continue indefinitely, subject to modification by mutual consent or discontinuation by an Authority with 30 days’ advance written notice. The confidentiality provisions will continue to apply to any information provided prior to discontinuation.
National Resolution Authorities
The following National Resolution Authorities are listed in Annex B:
- Austria: Finanzmarktaufsicht (Financial Market Authority)
- Belgium: National Bank of Belgium
- Cyprus: Κεντρική Τράπεζα της Κύπρου (Central Bank of Cyprus)
- Estonia: Finantsinspektsioon (Financial Supervision Authority)
- Finland: Rahoitusvakausvirasto (Finnish Financial Stability Authority)
- France: Autorité de Contrôle Prudentiel et de Résolution (Prudential Supervisory & Resolution Authority)
- Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority)
- Greece: Τράπεζα της Ελλάδος (Bank of Greece); Επιτροπή Κεφαλαιαγοράς (Hellenic Capital Market Commission)
- Ireland: Central Bank of Ireland
- Italy: Banca d’Italia (Bank of Italy)
- Latvia: Finanšu un Kapitāla Tirgus Komisija (Financial and Capital Market Commission)
- Lithuania: Lietuvos Bankas (Bank of Lithuania)
- Luxembourg: Commission de Surveillance du Secteur Financier (Commission for the Supervision of Financial Sector)
- Malta: Malta Financial Services Authority
- Netherlands: De Nederlandsche Bank (National Bank of Netherlands)
- Portugal: Banco de Portugal (Bank of Portugal)
- Slovakia: Narodna Banka Slovenska (National Bank of Slovakia)
- Slovenia: Banka Slovenije (Bank of Slovenia)
- Spain: Banco de España (Bank of Spain); Fondo de Resolución Ordenada Bancaria (Fund for Orderly Bank Restructuring); Comision Nacional de Mercado de Valores (National Securities Market Commission)
Contact
For more information, please contact the Single Resolution Board or the Bank of Albania.
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