International Regulatory Updates
MARCH 26, 2018
Stress tests are one of the regular supervisory tools used to assess the resilience of the insurance sector to possible adverse developments.
Click here to access the EIOPA Stress Test for 2018 ...
MARCH 23, 2018
The European Central Bank (ECB) has today published its guide to assessments of licence applications and its guide to assessments of fintech credit institution licence applications. The publication follows the completion of a public consultation.
Click here to access the full press release. ...
MARCH 15, 2018
The European Central Bank (ECB) has today published the addendum to the ECB Guidance to banks on non-performing loans (NPLs). The addendum supplements the qualitative NPL guidance, published on 20 March 2017, and specifies the ECB’s supervisory expectations for prudent levels of provisions for new ...
MARCH 14, 2018
The European Banking Authority (EBA) published today its advice on the Commission's proposal for statutory prudential backstops on banks' provisioning practices for new loans that turn non-performing. The EBA notes that the backstop complements the existing prudential set of measures and the new acc ...
MARCH 05, 2018
EIOPA's Stakeholder Groups (SHGs) facilitate EIOPA's consultation with stakeholders in Europe on issues such as regulatory and implementing technical standards as well as guidelines and recommendations that apply to the insurance and occupational pensions industry.
Click here to access the selec ...
MARCH 02, 2018
ECB launches public consultation on draft guides for banks on their capital and liquidity management
The European Central Bank (ECB) today launches a public consultation on the draft principles underlying its expectations for banks’ internal capital adequacy assessment processes (ICAAPs) and internal liquidity adequacy assessment processes (ILAAPs).
Click here to access the full press release. ...
FEBRUARY 28, 2018
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 ...
FEBRUARY 22, 2018
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 ...
FEBRUARY 19, 2018
FEBRUARY 19, 2018
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 ...
