The COVID-19 pandemic has triggered several response measures across the globe, which consequently ripple into considerable economic stress, particularly for small businesses and households...
The Ministry for Finance and Financial Services welcomes the Spring Economic Forecast 2020 published by the European Commission (EC) which corroborates the Government's own macroeconomic forecasts in expecting economic growth ...
Fenech & Fenech Advocates
On 25 March 2020, MFSA issued a circular reminding firms of its expectations of the measures that they should have in place regarding complaints handling.
Government announced that it will be financing up to 2.5% of the interest rates on bank loans taken out by businesses hit by the COVID19 pandemic.
A two-month deferral for the payment of excise duties falling due in April or May has been announced by the Maltese Customs Department.
An independent EU member state in the middle of the Mediterranean Sea - Malta -offers an advanced legal basis for a set-up of securitization structures.
Camilleri Preziosi Advocates
In terms of Article the 13 of the Excise Duty Act (the "Act"), the Minister for Finance and Financial Service is empowered to make certain regulations for the better carrying out of the Act...
EBA issues guidelines on credit risk mitigation for institutions applying the IRB approach with own estimates of LGDs
◾New action plan by the EU Commission for a comprehensive Union policy on AML-CFT
EU Council adopts two acts to release funds from EU budget; amending the structural and investment funds rules and extending the EU Solidarity Fund.
During a Press Conference, Minister for Finance and Financial Services Prof. Edward Scicluna and Parliamentary Secretary for Financial Services and Digital Economy Clayton Bartolo...
Amid the current global Covid-19 pandemic, Moody's has affirmed Malta's rating at A2 with a stable outlook. The reason given is that Malta's shock resilience
Following a consultation process on raising the bar for Company Service Providers (‘CSPs'), the MFSA has, on the 9th April 2020
The European Central Bank (ECB) announced (click to view the content) a temporary reduction in capital requirements for market risk, by allowing banks to adjust the supervisory component of these requirements.
Further to the Circular on Timing of regulatory reporting due to the outbreak of COVID-19 which was issued by the MFSA on 20 March 2020 to outline the applicable extensions for each sector
Mamo TCV Advocates
On the 3rd April, 2020, the European Securities and Markets Authority ("ESMA") published its final guidelines on performance fees in Undertakings for Collective Investments
Issue No. 13 of the Banking & Fintech weekly Newsletter is now available.
On 16 April 2020, the European Central Bank (ECB) announced a temporary reduction in capital requirements for market risk, by allowing banks to adjust the supervisory component of these requirements.
On the 2 April 2020, the European Securities and Markets Authority (ESMA) updated its risk assessment to account for the impact of COVID-19.
On 12 March 2020, the CJEU published an opinion of Advocate General Sharpston on KH v Sparkasse Südholstein concerning the application of the Distance Marketing Directive (Directive 2002/65/EC) ...
On 2nd April, the Malta Financial Services Authority (the "MFSA") issued a circular to credit institutions on dividend distributions or share buybacks