Featured Product

    MFSA Publishes Guidance for Reporting Under Framework 3.0

    May 25, 2022

    The Malta Financial Services Authority (MFSA) published guidelines for credit institutions and foreign branches under the reporting framework 3.0 (reporting under the Capital Requirements Directive), a guidance note on administrative penalty calculations for breaches of regulatory requirements, and a circular and the associated template on threshold monitoring with respect to the intermediate European Union (EU) parent undertakings (IPUs).

    The circular on the intermediate EU parent undertakings informs all credit institutions, investment firms, and third-country groups about the monitoring of the threshold and other procedural aspects on the establishment of the intermediate EU parent undertakings. EU parent institutions, stand-alone institutions, and third-country branches belonging to third-country groups are requested to submit the dedicated template to MFSA, following the template instructions outlined therein. The information shall be compiled using December 31, 2021 as the reference date and shall be submitted to MFSA by June 17, 2022. In addition to the submission of this template, EU parent institutions and stand-alone institutions belonging to the third-country groups are also requested to immediately notify MFSA in case of a material change identified through the quarterly assessments. A material change shall be understood as a change that would alter the final outcome as submitted to MFSA through the dedicated template, such as, a change that would bring the total value of assets of the third-country group entities in EU to exceed the EUR 40 billion threshold in that quarter.

     

    Related Links


    Keywords: Europe, Malta, Banking, Investment Firms, Reporting, CRD IV, Basel, Framework 3.0, Intermediate Parent Undertakings, Administrative Penalty, Compliance Risk, MFSA

    Featured Experts
    Related Articles
    News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News
    News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News
    News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News
    News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News
    News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    News

    BCBS Consults on Disclosure of Climate Risks, Issues Other Updates

    The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.

    December 18, 2023 WebPage Regulatory News
    News

    US Government Moves to Regulate Development and Use of AI Models

    The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).

    December 18, 2023 WebPage Regulatory News
    News

    MAS Launches Gprnt Digital Platform for ESG Reporting for SMEs

    The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”

    November 29, 2023 WebPage Regulatory News
    News

    EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis

    The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.

    November 28, 2023 WebPage Regulatory News
    News

    NGFS Publishes Phase IV Long-term Climate Scenarios for Banks

    The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.

    November 28, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8947