Sep 18, 2023 | Advisory, Risk & Compliance, Insights, News
The MFSA noted that DORA will be supplemented by Regulatory/Implementing Technical Standards, (the “Technical Standards”) which are currently being drafted by the European Supervisory Authorities (the “ESAs”) through the Joint Committee. The delivery deadlines for the Technical Standards are set out in Annex 1 of the circular published in January 2023.
Mar 9, 2023 | Advisory, Risk & Compliance, Insights
1. Introduction On 2 March 2023, the MFSA published its Supervisory Priorities for 2023, which buttress and complement the MFSA’s Strategic Statement issued in February 2023. The MFSA’s Supervisory Priorities were identified following an analysis of the market...Nov 18, 2022 | Advisory, Risk & Compliance, Insights
The ECB has published the November 2022 Financial Stability Review (FSR), highlighting an increasing level of risks to financial stability in the euro area. Most of the key risks mentioned in the ECB’s financial stability review (soaring energy prices, elevated...Oct 11, 2022 | Insights, Advisory, Risk & Compliance
Article by Edawrd Bonello as seen on WhosWho.mt With over 20 years’ experience working in financial services, Alex Konewko at ARQ Group has seen the full economic cycle, from boom to crisis and back – from a number of different angles. In fact, his experience both in...Jul 20, 2022 | Insights, Risk & Compliance
On the 19th July 2022 the FIAU issued an update to the ‘Reporting through goAML’ guidance document, originally published in January 2021. The update provides subject persons with further clarifications in relation to their reporting obligations, primarily with regard...May 18, 2022 | Insights, Advisory, Risk & Compliance
On 9 May 2022, the Malta Financial Services Authority (the “MFSA”) published a Guidance Note on the Methodology to Set Administrative Penalties Imposed on Entities and Individuals (“Guidance Note”). This Guidance Note sets out the principles and processes for...
