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    MFSA Issues Reporting Updates for Banks Under CRD IV

    July 30, 2021

    The Malta Financial Services Authority MFSA updated multiple reporting templates as part of the common reporting (COREP) and financial reporting (FINREP) frameworks, under the Capital Requirements Regulation (CRR) and the implementing technical standards on supervisory reporting (EU Regulation 680/2014). MFSA also updated the guidelines on CRD IV supervisory reporting requirements for credit institutions and foreign branches under the reporting framework 3.0, along with the general guidelines to assist credit institutions and foreign branches in uploading and reviewing reporting data through the LH Portal.

    For credit institutions, the updated FINREP requirements address the nonperforming loan and forbearance module while the COREP updates relate to own funds and own funds requirements (including immovable property losses), large exposures and concentration risk, Liquidity Coverage Ratio, and Net stable funding ratio. For foreign branches, the updated FINREP requirements related to the nonperforming loan and forbearance module. Credit institutions are required to report to MFSA the prudential information under the COREP and the FINREP frameworks that established under the EU Capital Requirements Regulation (575/2013) and the corresponding Implementing Technical Standards (680/2014) on Supervisory Reporting, in accordance with the Circulars on COREP and FINREP issued by MFSA from time to time and subject to terms and conditions as may be imposed by MFSA.

     

    Related Link: Updates on Credit Institutions

     

    Keywords: Europe, Malta, Banking, Reporting, FINREP, COREP, LH Portal, Basel, CRR, Implementing Technical Standards, CRD, MFSA

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