On the 26th June, 2024, the Financial Intelligence Analysis Unit, released its supervisory priorities for 2024–2025, marking the first year of a comprehensive five-year compliance monitoring plan. This document outlines the supervisory activities scheduled for the annual cycle beginning in July 2024, covering various sectors like credit and financial institutions, remote gaming operators, land-based casinos, [...]
The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally [...]
Euro’s share across various indicators of international currency use remained above 19% Vigilance needed against any cracks that may appear in the international monetary system Deeper European economic and financial integration, together with enhancements in cross-border payment systems between the euro and other currencies pivotal to the international role of the euro The international role [...]
To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to banks, outlining its expectations. This letter emphasises the importance of timely implementation [...]