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AI Summary of Article 70 Transmission of information to central banks, monetary authorities, payment systems overseers and the European Systemic Risk Board
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Article 70 Transmission of information to central banks, monetary authorities, payment systems overseers and the European Systemic Risk Board
1. Without prejudice to Articles 64 to 69, a supervisory authority may transmit information intended for the performance of their tasks to the following:
(a) central banks of the European System of Central Banks (ESCB), including the ECB and other bodies with a similar function in their capacity as monetary authorities where this information is relevant to their respective statutory tasks, including the conduct of monetary policy and related liquidity provision, oversight of payments, clearing and securities settlement systems and safeguarding the stability of the financial system;
(b) where appropriate, other national public authorities responsible for overseeing payment systems; and
(c) the ESRB, established by Regulation (EU) No 1092/2010 of the European Parliament and of the Council [Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board (OJ L 331, 15.12.2010, p. 1).], where that information is relevant to carrying out its tasks.