Principles of Banking Regulation and Compliance

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General information

To be confirmed
17:30–19:00 CET


The programme is designed to provide the candidate with an overview of the role of the regulator with respect to licensing, due diligence and other functions. It provides an overview of the applicable laws and regulations and practices applicable to banking and credit institutions. Moreover, the BRRD will be discussed as well as the local perspective of the banking supervision including on-site and off-site inspections among other core areas.


This programme is suitable for those working or intending to work within a regulatory environment or are responsible for banking compliance functions and regulation.

Learning outcomes

  • Technically knowledgeable in banking and its respective operations.
  • Able of performing technical work and supervising the work of subordinates taking decisions within set parameters.
  • Able to tackle and resolve day-to-day operational issues with designated authority.
  • Able to service clients with minimum supervision

Intended audience

This training programme is aimed at participants involved in banking and credit institutions.

Entry requirements

There are no entry requirements to participate in this programme since MITC believes that any student who seriously commits himself/herself has the potential to succeed. Nevertheless, MITC strongly advises that students should ideally have acquired a proven academic aptitude and a business inclination.

Those participants attending 80% of the programme and who are also successful in their examination will receive a certificate of achievement by the Malta International Training Centre (MITC).

A certificate is issued at the end of the programme which can be presented as evidence during supervisory inspections by the Regulator.

The course consists of 12 contact hours and held once a week. A total of 8 sessions of 1.5 hours duration (17:30-19:00 CET). A further 36 hours of self-study is required. Examination will be held between 09:30-11:30hrs.

There will be 1 examination session of 2 hours duration, during which candidates will be expected to answer 10 questions. The pass mark is set at 55%.

Various lecturers from the MFSA and industry.

To be advised later

Lectures will be held every Wednesday from 1730 – 1900hrs.

Wednesday 7th April 2021

The structure, role and functions of the Malta Financial Services Authority

Wednesday 14th April 2021

The work of Authorisation Unit – an overview

  • Types of institutions, namely:-
    • Credit institutions
    • Financial institutions (including payment services institutions and electronic money Institutions)
  • Licensing process
  • Approval of new appointments
  • Due diligence exercise
  • Interaction with the other Supervision Units within the MFSA

Credit institutions

  • Local legislation and EU Directives
  • Passporting implications
  • Banking Rule BR/01 – Licensing requirements
  • Banking Rule BR/13 – Mergers and Acquisitions

Financial institutions

  • Local Legislation and EU Directives
  • Passporting implications
  • Financial Institutions Rules
  • Licensing requirements

Wednesday 21st April 2021

Capital Requirements - CRR/CRD IV

  • Single Rule Book: Capital requirements regulation and directive (CRR/CRD IV)
  • Capital and Risk
  • Liquidity
  • Leverage

Wednesday 28th April 2021


  • The development of supervision under the Single Supervisory Mechanism (SSM)
  • Supervision of the Significant institutions (Sis) by the JST
  • Supervision of Less Significant Institutions (LSIs)
  • Supervision of Financial Institutions Other work related to on-site

Banking Rule BR/12

  • Reasons for the Capital Requirements Directive (CRD)
  • The Pillar II process
  • Principles of Internal Governance
  • The ICAAP
  • The SREP
  • Prudential Measures
  • Authority as consolidating supervisor
  • Market Transparency

Wednesday 5th May 2021

Crisis Management and the Bank Recovery and Resolution Directive

  • Why Crisis Management?
  • Background to BRRD
  • Recovery Plans
  • Resolution Plans
  • Relationship between Competent Authority and Resolution Authority

Wednesday 12th May 2021

  • Rationale of banking supervision (the local Perspective)
  • Brief background of the recent development within the local banking system
  • Outline of the deposit Guarantee Scheme with reference to the EDIS

Wednesday 19th May 2021

  • The new paradigm for banking supervision within the Eurozone – the Single Supervisory Mechanism
  • How does the MFSA’s Banking Supervision Unit feature within the context of the above?

Wednesday 26th May 2021

Off-site Supervision and Statutory Reporting – An Overview

  • Introduction
  • Set up of the Off-Site Section
  • Scope for Off-Site Supervision
  • Applicability – Significant and Less Significant Institutions and non-SSM Institutions
  • Joint Supervisory Teams
  • Statutory reporting under the respective Banking Rules/Directives
  • FINREP, COREP and Other Reporting Obligations

Exam date: Friday 4th June 2021

Dispatch of exam results by post: 10th July 2021

€440 per participant (includes tuition, course material, examination and certification).

  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount.
  • For group bookings kindly send an e-mail to
  • A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme.
  • No refund will be entitled after the commencement date of the programme.