International Regulatory Updates

The European Central Bank (ECB) is today publishing a guide to on-site inspections and internal model investigations. The publication follows the completion of the public consultation. Click here to access the full press release. ...

European Central Bank (ECB) Banking Supervision has published today the findings of the thematic review of banks’ profitability and business models conducted from 2016 to the end of the first quarter of 2018. The review shows that although the economic situation of banks in the euro area has gener ...

The European Central Bank (ECB) has today launched a public consultation on Part 2 of the Guide to assessments of license applications (the “Licensing Guide”). Part 2 complements the Licensing Guide published in March 2018 and both documents should be read together as one guide. This Licensing G ...

Today the European Central Bank (ECB) has published the three risk-type-specific chapters of its guide to internal models for consultation. These chapters, on credit risk, market risk and counterparty credit risk, are intended to ensure a common and consistent approach to the most relevant aspects o ...

MFSA to participate in DELTA Summit A practical approach to the understanding of Conduct Risk Consultation on Higher Degree of Investor Protection under The Virtual Financial Assets Act ESMA to renew prohibition on binary options Credit agency highlights strength of banking system ...

The European BankingAuthority (EBA) launched today three public consultations on amendments to the Implementing Technical Standards (ITS) on supervisory reporting for the reporting framework 2.9. The proposed changes to the ITS on supervisory reporting, which are part of the EBA reporting framework ...

The European Securities and Markets Authority (ESMA) has agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients, in effect since 2 July, from 2 October 2018 for a further three-month period. ESMA has also agreed on the exclusion of a limited number ...

ECB sanctions Crédit Agricole, S.A. for breaching the procedure for classifying capital between 2015 and 2016 ECB sanctions Crédit Agricole Corporate and Investment Bank for breaching the procedure for classifying capital between 2015 and 2016 ECB sanctions CA Consumer Finance for breaching ...

In the fast evolving world of FinTech and RegTech, the MFSA is positioning itself as a leading innovator, while ensuring that a robust regulatory framework is in place which is efficient and allows the industry to innovate and develop. The MFSA’s aim in developing a new framework for virtual finan ...

The European Banking Authority (EBA) issued today a Recommendation addressed to the Maltese Financial Intelligence Analysis Unit (FIAU) after establishing it had breached Union law in relation to its supervision of Pilatus Bank. The EBA Recommendation aims at remedying the particular failings identi ...