Recital 6

(6)The ESAs, the European Systemic Risk Board (ESRB), established by Regulation (EU) No 1092/2010, the Single Resolution Board (SRB), established by Regulation (EU) No 806/2014, the European Central Bank as a competent authority in relation to the tasks conferred on it by Council Regulation (EU) No 1024/2013 ¹¹ , and AMLA, in collaboration with the sectoral competent authorities, regularly collect a wide range of information stemming from reporting requirements under Union law. Facilitating the sharing and reuse of that information with other Union and national authorities overseeing the financial system, while safeguarding data protection, professional secrecy and intellectual property rights, should reduce the administrative burden on reporting entities and on authorities by avoiding duplicative requests, in line with the Commission communication of 15 December 2021 entitled ‘Strategy on supervisory data in EU financial services’. Information sharing could also contribute to better coordination of supervisory activities and to supervisory convergence.