Featured Product

    MFSA Updates Reporting Guidance and Banking Rule on Funding Plans

    December 22, 2020

    MFSA issued a revised version of Banking Rule BR/16 on funding plans for credit institutions authorized under the Banking Act. The rule is being revised to implement the EBA guidelines on harmonized definitions and templates for funding plans of credit institutions (EBA/GL/2019/05). The revised rule includes changes to templates and instructions, as presented in Annexes 1 and 2 to the rule. MFSA also updated the supervisory reporting remittance timetable and guidelines for credit institutions to upload and review supervisory reporting data through the LH Portal. In addition, MFSA updated the guidelines to the Capital Requirements Directive (CRD IV) supervisor reporting requirements for credit institutions, along with guidelines on supervisory reporting requirements for foreign branches.

    The revised Banking Rule on funding plans includes amendments to the set of criteria determining the credit institutions falling within the scope of the rule. In-scope institutions will be informed by MFSA for each year of  the review. The revised version of the rule shall apply from December 31, 2020. With reference to paragraphs 17 and 18 of the Banking Rule, credit institutions are required to report their funding plans by March 15 with a reference date of December 31 of the previous year, with the exception of credit institutions that report their financial information based on the accounting year-end, which deviates from the calendar year-end. In the latter case, credit institutions are required to use the latest available accounting year-end as the reference date.

    Credit institutions are required to report prudential information to MFSA under the Common Reporting (COREP) and the Financial Reporting (FINREP) frameworks established as part of the Capital Requirements Regulation (CRR or Regulation 575/2013) and the implementing technical standards on supervisory reporting. The reporting is in accordance with the MFSA-issued circulars on COREP and FINREP and is subject to the terms and conditions imposed by MFSA. Credit institutions are required to submit COREP and FINREP data on both solo and consolidated basis, as applicable.

     

    Related Links

    Keywords: Europe, Malta, Banking, Funding Plans, Reporting, Reporting, CRD IV, CRR, COREP, FINREP, LH Portal, MFSA

    Featured Experts
    Related Articles
    News

    HKMA Finalizes Policy Modules on Group-Wide Approach and Remuneration

    The Hong Kong Monetary Authority (HKMA) revised the Supervisory Policy Manual module CG-5 that sets out guidelines on a sound remuneration system for authorized institutions.

    July 29, 2021 WebPage Regulatory News
    News

    EBA Guide to Monitor Threshold for Intermediate Parent Undertakings

    The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).

    July 28, 2021 WebPage Regulatory News
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    ESMA Group Issues Recommendations on RFR Switch in Interdealer Market

    The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.

    July 26, 2021 WebPage Regulatory News
    News

    ECB Study Assesses Impact of Basel III Finalization Package

    The European Central Bank (ECB) published a paper as well as an article in the July Macroprudential Bulletin, both of which offer insights on the assessment of the impact of Basel III finalization package on the euro area.

    July 26, 2021 WebPage Regulatory News
    News

    ISDA Finds FRTB Results in Higher Capital Charges for Carbon Trading

    The International Swaps and Derivatives Association (ISDA) published a paper that explores the impact of the Fundamental Review of the Trading Book (FRTB) on the trading of carbon certificates.

    July 26, 2021 WebPage Regulatory News
    News

    PRA Updates Remuneration Policy Statement Templates and Tables

    The Prudential Regulation Authority (PRA) published the remuneration policy self-assessment templates and tables on strengthening accountability.

    July 26, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7311