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

    APRA Issues Interim Update to Policy Priorities for 2021 and Beyond

    In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.

    September 24, 2021 WebPage Regulatory News
    News

    EBA Publishes Single Rulebook Q&A, Launches Transparency Exercise

    The European Banking Authority (EBA) published answers to 29 questions in the Single Rulebook Question and Answer (Q&A) tool in September.

    September 24, 2021 WebPage Regulatory News
    News

    EC Adopts Solvency II and Resolution Rules Package for Insurers

    The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.

    September 22, 2021 WebPage Regulatory News
    News

    OCC Issues Booklets on Regulatory Reporting and Earnings

    The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.

    September 22, 2021 WebPage Regulatory News
    News

    ECB Sets Out Results of Economy-Wide Climate Stress Tests

    The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.

    September 22, 2021 WebPage Regulatory News
    News

    EBA Examines Implications of Increasing Use of Digital Platforms in EU

    The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.

    September 21, 2021 WebPage Regulatory News
    News

    HKMA Issues Updates on Policy Measures Intended to Ease COVID Impact

    The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.

    September 21, 2021 WebPage Regulatory News
    News

    ISDA Responds to BCBS Proposal on Treatment of Cryptoasset Exposures

    The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.

    September 21, 2021 WebPage Regulatory News
    News

    BIS Quarterly Review Discusses Developments in Fintech and ESG Space

    BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.

    September 20, 2021 WebPage Regulatory News
    News

    BCBS to Consult on Supervisory Practices for Climate Risks by Year-End

    The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards

    September 20, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7495