ECB and SRB sign Memorandum of Understanding to share confidential data

The European Central Bank and the Single Resolution Board have signed a Memorandum of Understanding (MoU) on the exchange of certain types of confidential statistical information, in order to improve analysis related to bank resolution.

The MoU is an important milestone in the cooperation between the SRB and ECB. It replaces the existing ad-hoc statistical data exchange and it provides for a general framework agreement for sharing confidential statistical data collected by the Eurosystem in its role as euro area monetary authority.

The access to these statistical data will support several key SRB tasks, including valuation and the public interest assessment.