MFSA updated multiple templates as part of the common reporting (COREP) and financial reporting (FINREP) frameworks, in line with the implementing technical standards (Regulation 680/2014) on supervisory reporting that are covered under the Capital Requirements Regulation or CRR (EU Regulation 575/2013). The updated templates are under the EBA framework version 2.9. MFSA also updated the lists of currencies and country codes, along with the EBA validation rules. The guidelines for credit institutions and branches to upload and review supervisory reporting data through LH Portal have also been updated.
Credit institutions are required to submit COREP and FINREP data on both individual and consolidated basis, where applicable. For credit institutions, the updated templates under COREP are related to own funds and own funds requirements (immovable property losses), leverage, large exposures and concentration risk, and liquidity template modules (including LCR DA, NSFR, and AMM for additional liquidity monitoring metrics). For foreign branches, the COREP template for immovable property losses (module OF) under the own funds requirements has been updated. The updated FINREP templates include those on non-performing loans (NPLs) and forbearance for both credit institutions and foreign branches. Submission of data by credit institutions to MFSA shall be in line with the reporting dates available in the remittance timetable.
- Reporting Module Updates
- List of Currency and Country Codes (XLSX)
- Guidelines for Credit Institutions (PDF)
- Guidelines for Foreign Branches (PDF)
- EBA Validation Rules (XLSX)
Keywords: Europe, Malta, Banking, COREP, FINREP, LH Portal, Validation Rules, Reporting, MFSA
Previous ArticleIAIS Publishes First Issue of Its Newsletter in 2020
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.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
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.
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.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
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.
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.
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
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.