COOPERATION WITH FOREIGN SUPERVISORS.

SEC. 206. COOPERATION WITH FOREIGN SUPERVISORS. The International Banking Act of 1978 (12 U.S.C. 3101 et seq.) is amended by adding at the end the following new section: “SEC. 15. COOPERATION WITH FOREIGN SUPERVISORS. “(a) Disclosure of Ssupervisory Information to Foreign Supervisors.— Notwithstanding any other provision of law, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision may disclose information obtained in the course of exercising supervisory or examination authority to any foreign bank regulatory or supervisory authority if the Board, Comptroller, Corporation, or Director determines that such disclosure is appropriate and will not prejudice the interests of the United States. “(b) Requirement of Confidentiality.— Before making any disclosure of any information to a foreign authority, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision shall obtain, to the extent necessary, the agreement of such foreign authority to 105 STAT. 2295maintain the confidentiality of such information to the extent possible under applicable law.”.