Featured Product

    MFSA Issues Reporting Updates and Guidance for Banks

    October 05, 2021

    The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0, in addition to the reporting module on leverage under the common reporting (COREP) framework. The reporting module on leverage is applicable from the reference date of June 2021. MFSA also published the LH Portal submission guidelines for reporting of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss-absorbency requirement (TLAC) data, as outlined in the Commission Implementing Regulation 2021/763. The first reference date for reporting of MREL and TLAC data is June 30, 2021, with a deadline for submission of the first reporting to MFSA on September 30, 2021.

    Regulation 2021/763 lays out technical standards for the application of the Capital Requirements Regulation (CRR) and the Bank Recovery and Resolution Directive (BRRD) with respect to the supervisory reporting and public disclosure of MREL. Institutions in scope of this new reporting requirement have been notified bilaterally by MFSA. These institutions shall submit the required data via MFSA’s LH Portal according to the MFSA submission guidelines for the reporting of MREL and TLAC data. The reporting process for MREL and TLAC data will be identical to the one used for the annual data collection for resolution reporting in XBRL format (zipped file). Data quality feedback on submissions through the “MRELTLAC” reporting project will be automatically received by a credit institution following the submission. In another development, MFSA has decided to ease the restriction on dividend distributions and share buybacks from October 01, 2021. This is in line with the decisions of the European Central Bank and the European Systemic Risk Board, as published in July 2021 and September 2021, respectively. These restrictions were implemented as part of the measures to manage the impact of the COVID-19 pandemic.

     

    Related Links

    Keywords: Europe, Malta, Banking, Reporting, COREP, LH Portal, CRR, CRD IV, BRRD, Basel, MREL, TLAC, Resolution Framework, Implementing Technical Standards, COVID-19, Dividend Distribution, Regulatory Capital, EBA, EC, MFSA

    Featured Experts
    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News
    News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News
    News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582