International Regulatory Updates
JUNE 01, 2011
Inside this issue:
Malta forum examines new developments in financial crime and its prevention
Publication of the Consumer Complaints Unit Annual Report for 2010
Consultation - UCITS IV
UCITS IV and Maltese Law
Issue by FIAU of New Implementing Procedures
MFSA Notices
Licences ...
MAY 24, 2011
I- Background
In June 2010 CESR published guidance on the registration process and related issues (CESR/Ref. 10- 347), as required by Article 21 (2) of Regulation (EC) No 1060/2009. CESR‟s Guidance (the “CESR Guidance”) also dealt with the endorsement regime allowing the distribution and ...
MAY 24, 2011
ESMA issues today its Guidelines on endorsement (ESMA/2011/139) in a Final Report, including a Feedback Statement.
The Guidelines address how ESMA will implement the “as stringent as” test for credit ratings produced outside the European Union, in what are named “third countries”. These c ...
MARCH 18, 2011
Read full EBA EU-Wide Stress Test. ...
MARCH 18, 2011
Introduction
The European Banking Authority (EBA) was established on 1 January 2011 with a broad remit that includes safeguarding the stability of the EU financial system. The EBA is required, in cooperation with the European Systemic Risk Board (ESRB), to initiate and coordinate Union-wide str ...
MARCH 18, 2011
The European Banking Authority (EBA) today published documents explaining the scenarios and methodology for its 2011 EU-wide stress test, which will be applied on a wide sample of European banks covering over 60% of total EU banking assets.
The EU-wide stress test is a supervisory tool designed t ...
MARCH 18, 2011
This annex introduces the reference risk parameters for the market risk component of the stress-testing exercise. The stress test of the trading book requires banks to project the gains and losses on the trading book positions resulting from a broad-based financial market downturn that affects a bro ...
MARCH 18, 2011
MARCH 18, 2011
1. Design of the adverse scenario
This appendix describes the adverse global macroeconomic scenario to be used for the 2011 EU-wide stress test exercise. The scenario covers the horizon 2011-12, and the assumptions used and the main results are presented in terms of deviation of macroeconomic var ...
