Buccioni v Banca d'Italia (Banca Network Investimenti SpA, in liquidation

Confidential information – Disclosure. Article 53(1) of Directive (EU) 2013/36 had to be interpreted as not precluding the competent authorities of the member states from disclosing confidential information to a person who so requested, in order to be able to institute civil or commercial proceedings with a view to protecting proprietary interests which were prejudiced as a result of the compulsory liquidation of a credit institution. The Court of Justice of the European Union further held that the request for disclosure had to relate to information in respect of which the applicant had put forward precise and consistent evidence plausibly suggesting that it was relevant for the purposes of civil or commercial proceedings, the subject matter of which had to be specifically identified by the applicant and without which the information in question could not be used.

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