ARTICLE
24 June 2022

Banking & Fintech Newsletter – Issue 32

GA
Ganado Advocates

Contributor

Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
The Insurance and Pensions Team within Ganado Advocates will be presenting a number of webinars throughout the course of the coming months.
Malta Finance and Banking

The first issue of the insurance newsletter is now available.

In this issue:

  • Public Consultation on new Remote Customer Onboarding Guidelines, set out by the EBA
  • EBA's Risk Assessment Report demonstrates improvements in credit institutions' solvency, profitability and liquidity, but asset price corrections remain a key threat
  • A new EU Directive on credit purchasers and credit servicers
  • Revised EBA Guidelines bolstering AML/CFT supervision across the EU
  • EBA focuses on proportionality as it improves supervisory reporting requirements
  • MFSA published Supervisory Priorities for 2022
  • An extended application of the EBA guidelines on COVID-19 Related Reporting
  • MFSA informs banks on the Revised versions of Banking Rules BR/01, BR/12, BR/14, BR/15 and BR/21, and on the new Banking Rule BR/24
  • EBA Technical standards on Pillar 3 disclosures on ESG risks
  • ESAs pose recommendations to the European Commission on the necessary maintenance of the EU's regulatory and supervisory framework in the digital age
  • 'EuReCA': the EU's central database for AML/CFT

Originally published April 8, 2022

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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