Regulatory Alerts2022-11-04
Added · Updated
Circular to Less Significant Credit Institutions on the EBA Guidelines on SREP and Supervisory Stress Testing
The Malta Financial Services Authority brings the updated EBA Guidelines on the Supervisory Review and Evaluation Process (SREP) and supervisory stress testing to the attention of the Board of Directors of Less Significant Credit Institutions. These guidelines apply from 1st January 2023 and repeal the previous EBA Guidelines on the SREP assessment. The Authority assesses credit institutions against requirements including transparent organizational structures, sound risk management frameworks, effective ICAAP and ILAAP, and capital levels meeting the Overall Capital Requirement and Overall Leverage Ratio Requirement. Less Significant Credit Institutions are expected to operate above the P2G from 1st January 2023.
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