International Regulatory Updates

The European Banking Authority (EBA) published today the final templates for the 2014 EU-wide stress test. These are common templates for all EU banks and illustrate the type and the format of data that will be disclosed on a bank by bank basis. The EBA will act as the central data hub for all EU ba ...

The European Central Bank (ECB) has today published a manual detailing how it will incorporate findings from its AQR into stress test projections. It also describes the stress test quality assurance process, which is vital to ensuring that the exercise is robust and credible. Click here to access ...

Article by Angele Grech The full edition of the Captive Insurance Times is available here. ...

Malta’s second decade as a member of the EU looks to be one where the island jurisdiction could outshine. The island’s vision is to lift itself into the upper echelons of the EU, offering an economy that has a buoyant financial services sector; a world leading servicing export segment, and a ste ...

The European Securities and Markets Authority (ESMA) is issuing this statement to clarify to institutional investors risks from a newly emerging asset class referred to by most market participants as contingent convertibles instruments (CoCos). If they work as intended in a crisis CoCos will play an ...

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published a reminder to banks and insurance companies across the EU on the consumer protection requirements that apply to certain financial instruments they issue. In addition, ESMA highlighted specific risks posed to ...

Inside this issue: MFSA Annual Report 2013 Consumer Complaints Unit Annual Report 2013 Job Exposure in Financial Services Economic and Market Overview Report Industry Updates MFSA Announcements ...

The European Securities and Markets Authority (ESMA) is seeking a new member to represent the users of financial services in its Securities and Markets Stakeholder Group (SMSG). This follows the resignation of one of the current members. The SMSG’s aim is to facilitate ESMA’s consultation on ...

The European Central Bank (ECB) has today presented the process for interacting with banks and communicating the results of its on-going comprehensive assessment of 128 banks. It has released “disclosure templates” that show the format in which the findings will be published in the second half o ...

The European Securities and Markets Authority (ESMA) has launched a consultation on the new Market Abuse Regulation (MAR) which entered into force on 2 July 2014. It is issuing two consultation papers seeking stakeholders’ views on the draft regulatory and implementing technical standards (RTS/ITS ...