MeDirect’s Chief Accounting Officer Owen Camilleri recently represented the Malta Bankers Association at an MFSA event titled, “Enhancing Supervisory Reporting: Navigating Data Quality, Transparency and Regulatory Compliance”.

During the discussions with other industry experts several key areas were tackled. These included trends in regulatory reporting, updates on Pillar 3 disclosures, data accuracy and upcoming changes like the new CRR3 framework.

Speaking during a panel discussion on increased reporting requirements for banks, Owen focussed on challenges that Maltese banks are facing amid growing regulatory demands and increased complexity. He emphasised the role of data warehousing and automation in regulatory reporting processes to tackle these challenges effectively.