The CRD identifies a number of exceptions or “gateways” through which Member States may authorise confidential information to be disclosed, in most cases subject to conditions of professional secrecy. This Directive provides in particular that exchange of information should be authorised between supervisory authorities and central banks in their capacity as monetary authorities.
Third, in previous Opinions on draft national laws, the ECB has observed that virtually all Member States that have adopted supervisory models based on an independent financial supervisory authority have included provisions stipulating a duty of cooperation and authorising the exchange of information between central banks and supervisory authorities.