International Regulatory Updates

The peer review examines how national competent authorities (NCAs) assess the propriety of those responsible for managing insurance companies and, when relevant, the companies’ shareholders. In general, NCAs dedicate considerable resources to the initial assessment, but very few NCAs perform an ...

The European Central Bank (ECB) today published a single Code of Conduct for all ECB decision-makers and high-level officials. The code is the latest measure undertaken by the ECB to further strengthen and refine its good governance and integrity frameworks. The ethical rules take into account the E ...

The European Central Bank (ECB) has today published a consolidated version of the Guide to assessments of license applications. This text, which is not legally binding, combines the content of the first guide published in March 2018 and that of Part 2, the public consultation for which ended on 25  ...

Contents MFSA launches Campaign on Payment Account with Basic Features Publication of Most Representative Services linked to Payment Account MFSA hosts 34th Network MSD meeting (re SSM) MFSA addresses Credit institutions on distribution of dividends A+ rating with stable outlook for Malta Ci ...

The European Banking Authority (EBA) published today its annual report on risks and vulnerabilities in the EU banking sector. The report is accompanied by the results of the EBA's 2018 EU-wide transparency exercise, which provide detailed information, in a comparable and accessible format, for 130 b ...

The number of significant institutions that will be directly supervised by the European Central Bank (ECB) from 1 January 2019 stands at 119 following the annual review of significance and ad hoc assessments. The changes in significance statuses are the result of new group structures, license with ...

This peer review assessed how National Competent Authorities (NCAs) supervise and determine the application of the key functions by the insurer with particular emphasis on proportionality In general NCAs apply the principle of proportionality Some weaknesses exist, leading to recommended actio ...

The European Central Bank (ECB) today publishes the first chapter of its guide to internal models (the “guide”), following a public consultation which ended on 28 May 2018. The guide provides transparency regarding the ECB’s understanding of the most relevant aspects, for the institutions it d ...

Further developments in regulation of VFA Sector Malta ranks first in macroeconomic stability MFSA strengthens AML supervision with guidelines on PEPs MFSA consults on Retirement Pensions act Delta Summit 2018 – Successful participation for the MFSA “Be a Hero” campaign a resounding succe ...