Publications

The Recording of Telephone Conversations under MiFID II: Clarification by ESMA

Authors: Bettina Gatt
Published on March 25, 2020
The COVID-19 pandemic has spread like wildfire; it has created difficulties across the globe and has effected not just our economies, but also our societies, healthcare and financial institutions, all of which have had to acclimatise to this global crisis in somewhat of a “pressurised” manner. The European Securities and Markets Authority (“ESMA”) is one of the institutions which has had to adapt and cater for the challenges which many financial institutions are facing amid the COVID-19 pandemic.

COVID-19: The effects on the insurance industry and how to flatten the curve

Authors: Julian Boffa
Published on March 24, 2020
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The world is certainly going through turbulent times. This article is being penned whilst the author is under mandatory quarantine and self-imposed isolation, giving him the time and space to reflect on how our world is changing from one day to the next and trying to answer the perennial questions of how this situation came about, why we were not prepared for it and whether we should we have foreseen it. Naturally, these are accompanied by the issue of the solutions to be applied. We should also be asking ourselves what lessons should be learnt, how we can improve things and what the new world will be like. The same questions could, clearly, also be asked of the insurance industry, being that the latter is one of the best risk-sharing mechanisms out there. Finally, we should consider the manner in which this mechanism could help the world’s recovery.

MFSA extends Regulatory Reporting deadlines for Regulated Firms due to COVID-19 outbreak

Authors: Caroline Gauci
Published on March 24, 2020
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In light of the COVID-19 outbreak and its effects on the financial services sector, the MFSA has taken a decision to extend some of the regulatory reporting deadlines for the submissions that fall due this month or next month. In this regard, the MFSA has published a Circular, addressed to all regulated entities, explaining its approach and listing the applicable extensions for each sector. The latter have been tabulated below for ease of reference.

COVID-19: The effects on the insurance industry and how to flatten the curve

Authors: Julian Boffa
Published on March 24, 2020
Tags:
Practices: Insurance & Reinsurance Corporate
The world is certainly going through turbulent times. This article is being penned whilst the author is under mandatory quarantine and self-imposed isolation, giving him the time and space to reflect on how our world is changing from one day to the next and trying to answer the perennial questions of how this situation came about, why we were not prepared for it and whether we should we have foreseen it. Naturally, these are accompanied by the issue of the solutions to be applied. We should also be asking ourselves what lessons should be learnt, how we can improve things and what the new world will be like. The same questions could, clearly, also be asked of the insurance industry, being that the latter is one of the best risk-sharing mechanisms out there. Finally, we should consider the manner in which this mechanism could help the world’s recovery.