What Every Financial Services Business In Malta Needs To Know

The Malta Financial Services Authority (MFSA) has released its 2024 Annual Report, and the implications for businesses operating in Malta’s financial services sector are significant. Here are the key developments that will directly impact how you operate, plan, and strategize in 2025.
Regulatory Environment: Expect More Intensive Oversight
The numbers tell the story: supervisory interactions rising by 33% from 2023 signals that the MFSA is taking a more hands-on approach to supervision. This isn’t just about […]

By | July 18th, 2025 ||

Federal Reserve Proposes Changes To Rating System For Large Financial Institutions

On July 10, 2025, the Board of Governors of the Federal Reserve System (“Board”) proposed changes to its supervisory rating systems for large financial institutions (“LFIs”) and supervised insurance organizations (the “Proposal”). The changes address the meaning of “well managed” and are intended to more accurately reflect the strength of large Board-supervised financial institutions and the banking system as a whole.

Five members of the Board voted to issue the Proposal, while one voted against its issuance […]

By | July 14th, 2025 ||

Stronger Banking Governance In Indonesia

In an effort to strengthen the governance framework for commercial banks, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued Circular Letter No. 14/SEOJK.03/2025 regarding the Implementation of Governance for Commercial Banks (“OJK CL 14/2025”) on June 24, 2025.

OJK CL 14/2025 supplements OJK Regulation No. 17 of 2023 regarding the Implementation of Sharia Governance for Commercial Banks (“OJK Reg. 17/2023”) and OJK Regulation No. 2 of 2024 regarding the Implementation of Sharia Governance for […]

By | July 8th, 2025 ||