Regulatory Alerts2020-03-13
Added · Updated
Circular to Credit Institutions on Temporary Capital and Operational Relief in Reaction to Coronavirus (COVID-19)
The Malta Financial Services Authority extends European Central Bank measures granting temporary capital and operational relief to all licensed credit institutions in Malta. These measures allow banks to fully utilize capital and liquidity buffers, including Pillar 2 Guidance, and provide relief in capital composition for Pillar 2 Requirements. The regulator will regularly review the impact of these challenges and expects institutions to cooperate with its monitoring framework while maintaining close coordination with European supervisory authorities.
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