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MFSA: No-Deal Brexit and its implications

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In the
context of a no-deal Brexit, and the potential for disruption to the financial
industry and its customers, the MFSA is engaging extensively with each sector
in the financial industry falling under its remit.

During 2018,
the Insurance and Pensions Supervision continued to also engage actively with
insurance and reinsurance undertakings authorised by the MFSA to carry out
cross-border activities in the UK in order to ensure that they had established
adequate contingency plans, addressing all possible scenarios, for
policyholders’ interests to be safeguarded. This included collating and
analysing extensive data, some of which was also shared with EIOPA.

In the
spirit of collaboration between National Supervisory Authorities, the
Prudential Regulatory Authority (“PRA”) and the Financial Conduct Authority
(“FCA”) will be visiting the MFSA offices on the 3rd October 2019 to
explain their general approach to Brexit-related issues.

Insurance undertakings and insurance managers can register up to 4
senior management personnel to secure attendance for this invite-only event.

Invitees can also schedule a one-to-one meeting with the PRA or FCA by
sending an email to ipsu@mfsa.com.mt with a brief description on the
issues or queries to be discussed, by not later than 18th September.

More information,
the event’s full schedule and booking form can be found here

The post MFSA: No-Deal Brexit and its implications appeared first on maltawinds.com.

Original article found on Malta Winds

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