International Regulatory Updates

A clearly specified methodology for deriving the Ultimate Forward Rate (UFR) is a legal requirement The principles of the methodology are defined in the Solvency II legislation The methodology will be applied for the first time at the beginning of 2018 In line with the methodology, the calc ...

What’s Inside This Issue: Ms Danièle Nouy, Chair of the ECB Supervisory Board, visits MFSA MFSA consults on changes to Investment Services Rules for Investment Services Providers Involving Consumers of Financial Services in Policy-Making A tradition of making history – Malta ...

The special feature is available through The Guardian - Malta feature ...

The ECB has today published its final guidance on non-performing loans (NPLs). The guidance marks an important step in addressing NPLs across the euro area. It outlines measures, processes and best practices which banks should incorporate when tackling NPLs, an issue which should be a priority for b ...

The European Banking Authority (EBA) launched today a consultation on its draft Recommendation on the coverage of entities in banking group recovery plans, which is aimed at defining common criteria to identify entities (subsidiaries and branches) that need to be covered in group recovery plans, and ...

The European Banking Authority (EBA) published today its fourth thematic comparative Report on recovery planning. The focus of this comparative analysis is recovery options, which are crucial for assessing institutions' actual capacity to regain viability following a period of severe financial distr ...

The European Banking Authority (EBA) launched today a public consultation on its draft Regulatory Technical Standards (RTS) specifying the nature, severity and duration of an economic downturn according to which institutions shall estimate the downturn loss given default (LGD) and conversion factor ...

The European Banking Authority (EBA) published today its eleventh Report of the CRDIV-CRR/Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, presents aggregate dat ...

The European Central Bank (ECB) today launched a sensitivity analysis of the banking books of directly supervised banks with a focus on interest rate changes as part of its annual Supervisory Review and Evaluation Process (SREP). This stress test exercise is designed to provide the ECB with sufficie ...

What’s Inside This Issue: IMF, EC give Maltese economy clean bill of health MFSA Chairman features in Captive Review Power 50 Fitch affirms Malta's rating, gives positive outlook MFSA launches Consultation process with the financial services industry with regards to a number of draft ...