FSR 2023

Press Release
Full Report
Executive Summary
Chapter 1 - Macroprudential Risk Assessment 1.1 Vulnerabilities outside the financial system 1.2 Vulnerabilities within the financial system 1.3 Risk horizon Box 1: Measuring the credit gap for Maltese private corporations using the Hamilton filter
Chapter 2 - Developments in the Banking Sector 2.1 Core domestic banks Box 2: Update on the Bank Lending Survey 2.2 Non-core domestic banks Box 3: The impact of the ECB's monetary policy tightening on deposits flows and interest margins 2.3 International banks
Chapter 3 - Stress Tests 3.1 Scenario-based solvency stress test 3.2 Liquidity stress tests 3.3 Interest rate risk in the banking book
Chapter 4 - Insurance Companies and Investment Funds 4.1 Domestic insurance companies 4.2 Domestically-relevant investment funds Box 4: Methodological update on the calculation of the liquid assets ratio for insurances and investment funds Box 5: Revisiting non-bank financial intermediation in Malta: A current financial stability overview
Chapter 5 - Macroprudential Policy Response 5.1 Capital-based macroprudential measures 5.2 Borrower-based measures 5.3 Other domestic measures 5.4 European regulatory developments Box 6: The systemic importance of O-SIIs in Malta
Appendices