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Consultation on the introduction of a proposed Directive on Borrower-Based Measures under the Central Bank of Malta Act (Cap. 204), following a recommendation by the Joint Financial Stability Board


From: Ministry for Finance
(Central Bank of Malta)
​Published on: ​5 October 2018
Running till: 24 October 2018​
​Last Updated: ​24 December 2018

Original consultation

1.        Background

The Central Bank of Malta (CBM) and the Malta Financial Services Authority (MFSA) have been monitoring developments in the residential real estate (RRE) market in relation to the financial system. Following a recommendation of the Joint Financial Stability Board in this regard, the CBM will be issuing a Directive on borrower based measures applicable to all credit institutions in Malta. The objective is to continue strengthening the resilience of banks and borrowers against the potential build-up of vulnerabilities stemming from changing economic conditions. A copy of the draft Directive is being made available with the consultation document.


Link to the Consulatation Document and Draft Directive:​ions​

Please be informed that submissions will be published on the webpage of this consultation at the end of the scoping phase. The lead Ministry has sole discretion upon the publication of comments.
Received contributions, together with the identity of the contributor, will be published on the Internet, unless the contributor objects to the publication of his/her personal data on the grounds that such publication would harm his/her legitimate interests. In this case the contribution may be published in anonymous form. Otherwise the contribution will not be published nor will, in principle, its content be taken into account.  Any objections concerning the publication of personal data should be sent to the service responsible for the consultation on the following email address: 
Data Protection Statement the General Data Protection Regulation and the Data Protection Act (Chapter 586)
The General Data Protection Regulation and the Data Protection Act Chapter 586 regulate the processing of personal data whether held electronically or in manual form. The Ministry for European Affairs and Equality collects only information which is necessary for it to perform its intended functions and is set to fully comply with the Data Protection Principles as set out in the Data Protection Legislation.  Verification of the ID number provided will take place as deemed necessary. All personal data provided will be processed according to the General Data Protection Regulation and the Data Protection Act (Cap 586).​
In addition, please be aware of:
·         Disclosure under the Freedom of Information Act (Chapter 496)
As we are a public authority all documents we hold, including documents related to this public consultation process, may be released following a request to us under the Freedom of Information Act (Chap. 496), unless such request may be subject of an exemption arising from the same Act.


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