Equivalence Decisions - Withdrawal

European Systemic Risk Board did not have the information requested.

Dear European Systemic Risk Board,

Under the right of access to documents in the EU treaties, as set forth by Regulation 1049/2001, I am requesting documents that contain the following information, regarding – if applicable – the withdrawal of equivalence decisions rendered by the European Commission and/or European Parliament within the European Systemic Risk Board’s remit:

- all technical reports and/or documents prepared by the European Systemic Risk Board and issued to support the withdrawal decisions taken by the European Commission and/or European Parliament (if any);
- all documents related to the withdrawal of equivalence decisions in which the European Systemic Risk Board has provided assistance, including minutes of meetings held by the ESFS regulators, the European Commission, and/or the European Parliament (if any);
- the timeframes comprising the receipt of requests for technical analysis and the issuance of the respective technical reports to support the aforementioned withdrawal decisions taken by the European Commission and/or European Parliament (if any); and
- all correspondence and other kinds of communication, including attachments (such as emails, letters, and/or telephone call notes), between the regulators (including overseas regulators of the third countries for which the equivalence decisions were rendered), other organizations, and the European Commission/European Parliament with respect to the aforementioned equivalence withdrawal decisions (if any).

The aim is to better understand how the ESFS regulators have engaged with equivalence withdrawal decisions; the procedural steps that have been taken prior to a withdrawal of an equivalence decision; and, the time each step in the process to reach a withdrawal decision takes.

Please don’t hesitate to contact me if you have any doubts or questions in regards to this request.

Thank you in advance.

Best regards,
Pedro Carvalho

Info ESRB,

Dear Mr Carvalho,

Please be informed that the European Systemic Risk Board acknowledges receipt of your requests of access to documents on ‘Equivalence Decisions’ and ‘Equivalence Decisions - Withdrawal’.

Best regards,
ESRB Secretariat

show quoted sections

Info ESRB,

Dear Mr Carvalho,

We are writing to you regarding your two requests of 25 February 2022 for access to documents of the European Systemic Risk Board (ESRB). In accordance with Decisions ESRB/2011/5 and ECB/2004/3 on granting public access to its documents, this reply will be sent within 20 working days of receipt of your request.

Thank you for your interest in the work of the ESRB in monitoring financial stability in the Union. With regard to your requests, we have to inform you that the ESRB has not been and is not involved in equivalence decisions or their withdrawal taken by the European Commission or the European Parliament. There is no legal basis for such measures of ESRB involvement. The involvement of the ESRB by the European Commission or the European Parliament in such decisions is therefore not required by law and, in our view, did not take place. Please do not hesitate to contact us if you have any questions or comments.

Kind regards,
ESRB Secretariat

show quoted sections