MFSA updated multiple templates as part of the common reporting (COREP) and financial reporting (FINREP) frameworks established, under the Capital Requirements Regulation or CRR (EU Regulation No 575/2013) and the implementing technical standard No 680/2014 on supervisory reporting. MFSA also updated instructions for certain templates that were revised under the COREP and FINREP framework. Credit institutions are required to submit COREP and FINREP data on both individual and consolidated basis, where applicable.
The updated templates under COREP are related to own funds and own funds requirements, including immovable property losses; leverage; large exposures and concentration risk; and liquidity templates such as liquidity coverage ratio (LCR DA), net stable funding ratio (NSFR), and additional liquidity monitoring metrics (ALMM). The updated FINREP templates include those on non-performing loan (NPL) and forbearance and asset encumbrance. Also revised were the individual and consolidated funding plan templates and the document on list of currencies and country codes. Submission of data by credit institutions to MFSA shall be in line with the reporting dates available in the remittance timetable.
Keywords: Europe, Malta, Banking, COREP, FINREP, Reporting, CRR, MFSA
Previous ArticleAPRA Releases Paper to Assist Banks to Meet Obligations Under BEAR
Next ArticleSRB Chair Speaks About Work Priorities for 2019
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.
HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.
EBA published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.
HKMA published a circular, addressed to authorized institutions, on the application of the Basel Committee guidance on certain COVID-related measures.
PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
PRA published final policy (in PS13/20) setting out the approach and expectations for authorization and supervision of insurance special purpose vehicles (ISPVs or insurance SPVs).
BoE published version 2.0.1 of the Capital+ XBRL Utility, along with the related release notes.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.