Regulatory Alerts2026-06-16
Added · Updated
Compliance Outcomes-Based Supervision: The Internal Liquidity Adequacy Assessment Process
The Malta Financial Services Authority communicates supervisory expectations for the Internal Liquidity Adequacy Assessment Process (ILAAP) following a review of a sample of Large and Significant Institutions (LSIs). The Authority identifies material weaknesses in internal governance, risk appetite frameworks, and internal audit coverage, noting that institutions achieved an average compliance of 38% in governance and only 25% in risk appetite areas. Institutions are required to strengthen Board oversight, define comprehensive liquidity risk appetite statements with institution-specific metrics, and ensure adequate resourcing and timely remediation for internal audit functions.
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