International Regulatory Updates

What’s Inside This Issue: Moody’s and DBRS upgrade Malta rating Malta: a firm captive domicile MFSA Chairman participates in high profile PWM Roundtable MFSA issues Feedback Statement on the proposed amendments to the Insurance Intermediaries Act Initial Public Offering and othe ...

When creating the SSM framework, EU Member States chose to keep the responsibility for combatting money laundering at the national level. Breaches of anti-money laundering can be symptomatic of more deeply rooted governance deficiencies within a bank but the ECB does not have the investigative po ...

The Financial and Capital Markets Commission (FCMC) has imposed a moratorium on ABLV Bank, following a request by the European Central Bank (ECB). This means that temporarily, and until further notice, a prohibition of all payments by ABLV Bank on its financial liabilities has been imposed, and is n ...

The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have today issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs). The ESAs warn consumers that VCs are highly risky and unregulated products and ...

What’s Inside This Issue: IMF lauds Malta’s economic performance, noted profitability and high capitalisation of banks Mr Reuben Fenech appointed MFSA COO MFSA issues feedback and revises Supplementary conditions following consultation process on the Proposed Regulation of Collective ...

The European Securities and Markets Authority (ESMA) has published today the results of its second EU-wide stress test exercise regarding Central Counterparties (CCPs) established in the European Union (EU). The CCP stress test assesses the resilience and safety of the EU CCP industry and helps to i ...

The European Banking Authority (EBA) launched today its 2018 EU-wide stress test and released the macroeconomic scenarios. The adverse scenario implies a deviation of EU GDP from its baseline level by 8.3% in 2020, resulting in the most severe scenario to date. The EBA expects to publish the results ...

The European Central Bank (ECB) will examine 37 euro area banks as part of the 2018 EU-wide stress test conducted with the European Banking Authority (EBA). In line with the EBA’s selection criteria, these banks, which are directly supervised by the ECB, represent 70% of total euro area banking as ...

The European Securities and Markets Authority (ESMA) has published a call for evidence on potential product intervention measures relating to the provision of contracts for differences (CFDs), including rolling spot forex, and binary options to retail investors. Link to Full Press Release - Cli ...