Article 126 — Administrative agreements on the exchange of information between EBA and third countries

1.In order to carry out its supervisory responsibilities under Article 117, EBA may conclude administrative agreements on the exchange of information with the supervisory authorities of third countries only if the information disclosed is subject to guarantees of professional secrecy which are at least equivalent to those set out in Article 129.

2.The exchange of information shall be intended for the performance of the tasks of EBA or of the supervisory authorities referred to in paragraph 1.

3.With regard to transfers of personal data to a third country, EBA shall apply Regulation (EU) 2018/1725.