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ARTICLE · 02 MARCH 2022

Revised Banking Rule BR/23 On Reporting And Disclosure Of Exposures

Camilleri Preziosi
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The Rule has been revised to fully align its proportionality measures with those stipulated in the EBA Guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

MaltaFinance and Banking
Michael Buhagiar
Michael Buhagiar
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On the 27 February 2022, the Malta Financial Services Authority issued a circular informing the banking sector that it revised Banking Rule BR/23 on Reporting and Disclosure of Exposures subject to Measures applied in response to the COVID-19 Crisis (the "Rule").

The Rule has been revised to fully align its proportionality measures with those stipulated in the EBA Guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis (EBA/GL/2020/07). In particular, the Rule provides for a waiver with respect to the reporting of exposures that are subject to (i) payment moratoria; (ii) forbearance measures introduced in response to the COVID-19 crisis; or (iii) the MDB COVID-19 Guarantee Scheme.  Whereas previously this waiver was only available in respect of credit institutions reporting information on a consolidated basis, following clarification by the EBA in its Report on the implementation of selected COVID-19

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