Featured Product

    MFSA Publishes Guidelines on Reporting Requirements for Foreign Banks

    September 19, 2019

    MFSA published a circular to branches of foreign credit institutions (foreign branches) in Malta on the supervisory reporting requirements. These guidelines on supervisory reporting requirements for foreign branches provide information on the applicability of all reporting templates within the different modules. Foreign branches are required to submit to MFSA certain reporting modules—FINREP, FINREP_AE, and COREP_OF (C_15.00 only)—on a quarterly basis for reference dates March, June, September, and December.

    Foreign branches are requested to take the guidelines into consideration when populating and submitting supervisory reporting modules. This means that any (re)submissions to the MFSA should omit templates that are not applicable and/or not required to be reported. This also means that only applicable templates should be validated and converted to XBRL prior to submission to MFSA. The circular states that the MFSA webpage on supervisory reporting now includes a dedicated area for foreign branches, whereby reporting agents can download the templates and instructions relating to the data modules required to be submitted to MFSA. The webpage also provides information on the submission of modules, including a Remittance Timetable and a guidelines document—Licence Holder (LH) Portal for Branches.

    Reporting agents are being reminded that in cases in which the ZIP filename and the XBRL filename do not match the naming convention, as outlined in the document LH Portal for Branches, the upload will be unsuccessful. Attention is also being drawn with respect to the folder structure of submissions made to MFSA. It is essential that there are no intermediary folders in any (re)submissions. This means that the module folder should directly include the Excel templates and the XBRL file, as indicated in section 4 of the document LH Portal for Branches. In cases of re-submissions, foreign branches are also being reminded to resubmit the applicable Excel templates for the whole module, not only the templates for which revisions were expected. This also means that the resubmitted XBRL file should include data related to all the applicable templates of the specific module.

     

    Related Links

    Keywords: Europe, Malta, Banking, Guidelines, COREP, FINREP, Reporting, Asset Encumbrance, XBRL, MFSA

    Featured Experts
    Related Articles
    News

    BIS and BoE Launch Innovation Hub in London

    BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.

    June 11, 2021 WebPage Regulatory News
    News

    ESRB Recommends Reciprocation of Certain Macroprudential Measures

    ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.

    June 11, 2021 WebPage Regulatory News
    News

    EC Publishes Regulation on Key Aspects of Implementation of SA-CCR

    EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.

    June 10, 2021 WebPage Regulatory News
    News

    BCBS Consults on Prudential Treatment of Cryptoasset Exposures

    BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.

    June 10, 2021 WebPage Regulatory News
    News

    EBA Revises List of Validation Rules for Reporting

    EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.

    June 10, 2021 WebPage Regulatory News
    News

    Banking Authorities and Private Sector Collaborate on Wholesale CBDC

    BIS Innovation Hub, BDF, and SNB announced that, together with a private-sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currency (wCBDC) for cross-border settlement.

    June 10, 2021 WebPage Regulatory News
    News

    ESAs Publish Amended Implementing Standards on Mapping of ECAIs

    ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).

    June 10, 2021 WebPage Regulatory News
    News

    EBA Revises Guidelines on Major Incident Reporting Under PSD2

    EBA published revised guidelines on major incident reporting under the Payment Service Directive (PSD2).

    June 10, 2021 WebPage Regulatory News
    News

    BCBS Updates Supporting Information for G-SIB Assessment in June 2021

    BCBS updated the year-end and annual average exchange rates in context of the global systemically important bank (G-SIB) assessment exercise.

    June 10, 2021 WebPage Regulatory News
    News

    HKMA Revises Implementation Timeline for Basel Standards

    HKMA issued a circular informing the industry about its intention to revise the target effective dates for the revised frameworks on credit risk, operational risk, output floor, leverage ratio, market risk, and credit valuation adjustment risk.

    June 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7083