Big changes ahead for local banks

Times of Malta 10/07/2014: It is all so quiet presently on Malta’s banking front. But it seems as if few people out there are fully aware of what is happening, or what is being done by the banks in what is undoubtedly a most important area, that which concerns their simple ability to survive, viz. capital adequacy.

In our contemporary Maltese banking history the EU’s Fourth Capital Requirements Directive package, i.e. both the directive (CRD IV) and its related Capital Requirement Regulation (CRR), will certainly be featuring as having been an event as important as, say, what Y2000, adoption of the euro and Basel III, may have been. It is a regulatory package that at this moment neither bank shareholders nor…read on.