Regulatory Alerts2020-06-04
Added · Updated
Risk-Based Supervision – Strengthening Our Supervisory Approach
The MFSA adopts a risk-based supervisory approach to allocate finite resources toward firms and risks posing the greatest threat to consumers and financial market stability. This framework integrates AML and CFT risks at the core of its assessment, utilizing FIAU CASPAR risk scores weighted by sector vulnerability to determine entity risk rankings. Supervisory engagement intensity and resource allocation are proportionate to these risk grades, with high-risk firms receiving structured engagement plans and lower-risk firms subject to sampled or thematic reviews.
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