International Regulatory Updates

A biennial exercise to gain insight into the risks and vulnerabilities of the European occupational pensions sector Designed to focus on the resilience of IORPs to a ‘double-hit’ scenario and the assessment of its impact on the real economy and financial markets Click here to access the fu ...

1 Legal basis ESMA’s competence to deliver an opinion to competent authorities is based on Article 29(1)(a) of Regulation (EC) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authorit ...

The ECB today published its guidance on leveraged transactions. The publication of the guidance marks the end of a public consultation process. The guidance seeks to facilitate the identification of leveraged transactions by means of an overarching definition encompassing all business units and g ...

The European Central Bank (ECB) has today published the ECB guide to fit and proper assessments. The guide explains how ECB Banking Supervision ensures consistency in the application of the fit and proper assessment criteria, with a view to establishing common supervisory practices for assessing the ...

What’s Inside This Issue: Guidelines on Facilitating an Effective Dialogue between Insurance Supervisors and Statutory Auditors Malta's A- rating reaffirmed by Standard & Poor's Malta - Ready to shake up the old continent MFSA updates policy for online businesses distributing CFD ...

Link to Webpage: https://www.eu2017.mt/en/Events/Pages/Events.aspx ...

The ECB has estimated that the total costs associated with its prudential supervision of the banking system for 2017 will be €425 million, an increase of about 10% compared with 2016. Fees for significant banks will amount to 92% of the total fees; and the remaining 8% will be paid by the less sig ...

The Thematic Review assesses potential issues for consumers due to monetary incentives and remuneration payments from asset managers to insurance undertakings in the unit-linked market. 70% of the unit-linked market measured by assets under management participated in the Review. Widespread and ...

The European Central Bank (ECB) today published a guideline and a recommendation addressed to national competent authorities (NCAs) concerning the exercise of options and national discretions (O&Ds) available in European Union law. This affects banks which are directly supervised by NCAs (i.e. l ...

Link to Webpage: http://www.theworldfolio.com/malta ...