Recital (32)

The success of resolution hinges on timely access for the Board to relevant information from the entities that fall under the responsibility of the Board and from public institutions and authorities. Within that context, the Board should be able to access information of a statistical nature which the ECB has collected under its central bank function, in addition to the information available to the ECB as a supervisor within the framework of Regulation (EU) No 1024/2013. Pursuant to Council Regulation (EC) No 2533/98, the Board should ensure the physical and logical protection of confidential statistical information and should require authorisation from the ECB for the further transmission that might be necessary for the execution of the tasks of the Board. As the provision of information related to the aggregated number of customers for which an entity is the only or principal banking partner, which is held by the centralised automated mechanisms established pursuant to Directive (EU) 2015/849 of the European Parliament and of the Council, can be necessary and proportionate to carry out the public interest assessment, the Board should be able to receive that information on a case-by-case basis. The exact timing of indirect access to information by the Board should also be specified. Moreover, where information needed by the Board to perform its tasks is available to a public institution or authority which is required to cooperate with the Board, such institution or authority should provide that information to the Board upon its request. However, if, at that time, the information is not available, irrespective of the reason, the Board should be able to obtain that information from the natural or legal person that has that information through the national resolution authorities or directly, after having informed those national resolution authorities thereof. It should also be possible for the Board to specify the procedure and form according to which it should receive information from entities in order to ensure that such information is that which is most suited to its needs, including in relation to virtual data rooms. In addition, to ensure the broadest cooperation possible with all public institutions and authorities which might hold data relevant to the Board and which are necessary for the performance of the tasks conferred on it, and to avoid duplicating requests, the public institutions and authorities with which the Board should be able to cooperate, check the availability of information and exchange information should include the members of the European System of Central Banks, the relevant DGSs, the European Systemic Risk Board, the European Supervisory Authorities and the European Stability Mechanism. Finally, to ensure a timely intervention of financial arrangements contracted for the Fund in the case of need, the Board should inform the Commission and the ECB as soon as it considers that it might be necessary to activate such financial arrangements and provide the Commission and the ECB with all information necessary for the performance of their tasks in respect of such financial arrangements.