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Article 7

Article 7

With regard to the effectiveness of the collection and sharing of information in relation to the monitoring of systemic risks, competent authorities shall provide the following information:

((a))

the number of occasions where the competent authority has received information from another competent authority in relation to monitoring of systemic risk, distinguishing:

recurring information made available in accordance with the first sentence of Article 25(2) of Directive 2011/61/EU,

bilateral information on important sources of counterparty risk transmitted in accordance with the second sentence of Article 25(2) of Directive 2011/61/EU,

ad-hoc information bilaterally shared in accordance with Article 53 of Directive 2011/61/EU;

((b))

the number of occasions where the competent authority has shared information with another competent authority in relation to the monitoring of systemic risk, distinguishing:

information reported regularly in accordance with Article 25 of Directive 2011/61/EU,

ad-hoc information shared bilaterally in accordance with Article 53 of Directive 2011/61/EU.

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