Featured Product

    MFSA to Review Management of ICT and Cybersecurity Risks

    April 29, 2021

    MFSA is conducting a cross-sectoral desk-based review on the management of information and communications technology (ICT) and cybersecurity risks. This is being done following the release of the Guidance on Technology Arrangements, ICT and Security Risk Management, and Outsourcing Arrangements and in line with the MFSA Supervisory Priorities for 2021. In this context, a self-assessment questionnaire is being released and will be distributed to the respective license holders in phases.

    The review is being carried out by the supervisory ICT risk and cybersecurity function of MFSA. License holders will be receiving instructions to complete and submit their self-assessment questionnaire via an e-mail addressed to the Compliance Officer. Submission of the self-assessment questionnaire by license holders is mandatory and is required to be carried out within two months from receipt of the e-mail. The self-assessment questionnaire covers:

    • ICT governance and strategy
    • ICT and security risk management
    • Information security
    • ICT operations management
    • Business continuity management
    • ICT project and change management
    • ICT systems acquisition and development
    • ICT outsourcing arrangements

     

    Related Link: Press Release

     

    Keywords: Europe, EU, Malta, Banking, Self-Assessment Questionnaire, Cyber Risk, ICT Risk, Outsourcing Risk, Business Continuity, Operational Risk, Business Outsourcing, Operational Risk, MFSA

    Related Articles
    News

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News
    News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News
    News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News
    News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News
    News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267