(a) Disclosure by Board. The Board may disclose information obtained in the course of exercising
its supervisory or examination authority to a foreign bank regulatory or
supervisory authority, if the Board determines that disclosure is appropriate
for bank supervisory or regulatory purposes and will not prejudice the
interests of the United States.
(b) Confidentiality. Before making any disclosure of information pursuant to paragraph (a)
of this section, the Board shall obtain, to the extent necessary, the
agreement of the foreign bank regulatory or supervisory authority to maintain
the confidentiality of such information to the extent possible under
applicable law.
