MFSA updated information on the liquidity coverage ratio (LCR) DA and the additional liquidity monitoring metrics (ALMM) modules as part of the common reporting (COREP) framework. The LCR DA module will be applicable from reference date of April 2020. The ALMM module will be applicable from reference date of April 2020 for institutions submitting this module on a monthly basis and from reference date of June 2020 for institutions submitting this module on a quarterly basis.
Credit institutions are required to report, to MFSA, the prudential information under the COREP framework and the Financial Reporting (FINREP) framework established under the Capital Requirements Regulation (CRR) and the implementing technical standards on supervisory reporting (Regulation 680/2014). The information is required to be reported in accordance with the MFSA-issued Circulars on COREP and FINREP and subject to any terms and conditions that MFSA may impose. Credit institutions are required to submit COREP and FINREP data on both a solo and consolidated basis, where applicable.
Keywords: Europe, EU, Malta, Banking, COREP, FINREP, Reporting, LCR, ALMM, Liquidity Risk, CRR, Basel, MFSA
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.