We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read More

SUBSCRIBE TO OUR MAILING LIST


Log in

M21020 - Prudential treatment of software assets (Online)

  • 26 Feb 2021
  • 09:30 - 11:00
  • Online Webinar

Registration


Registration is closed
Registration Time: 09.15
Sessions Time: 09.30 - 11.00 (1.5 Hrs with no break)
Speaker: Mr Jonathan Agius
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €20.00
Non-MIA Members: €40.00
Retired Members: €10.00
Students: €15.00

Background Information


Banks all over the world are investing in new banking technologies at a time when bank customers are progressively going digital in several dimensions of their economic and social interactions. The COVID period has even accelerated this investment as banks had to support their staff through remote working technologies. However, current prudential rules penalise rather than incentivise the use of banking software since software is treated as a cost rather than as an investment. To support banks in pursuing further investment in software development, the CRR2 introduced an exemption from the deduction of intangible assets from Common Equity Tier 1 (CET1) items. The focus of this session will be to understand the new computation, the exemption and the impact on bank’s capital.

Objectives of the session

• Understand how the old CRR impacted negatively the capital;

Familiarising with the revised CRR;

• Understanding the rationale behind the change;
• Walkthrough of the prudential computation;

TOPICS ON THE AGENDA

• High level review of IAS 38;

• How the revised CRR impacts accountants in banks;

• Options considered by EBA;

• Differences between Accounting and Prudential treatments of software assets;

• Working out a practical example

Target Audience

Accountants and Risk Analysts in banks. Bank auditors

Speaker's Profile

Jonathan Agius is a Certified Public Accountant who has been working for Bank of Valletta for more than 20 years. Currently Jonathan heads the Statutory Reporting Department where he is responsible for the prudential, resolution and the respective statistical reporting emanating from various regulations and directive. Jonathan is also the responsible officer for Qualified Intermediary, FATCA and CRS obligations. Prior to this role, Jonathan spent 16 years within the Finance department of the same bank responsible for the management reporting and technological implementations of the unit. Jonathan holds a degree in Management and Accountancy from the University of Malta, an MBA specialising in Strategic Management from Maastricht School of Management and is a member of the Fellowship of Chartered Certified Accountants (FCCA).

EVENT CPE COMPETENCES

1.5 Hours Core 


WEBINARS TERMS AND CONDITIONS


Terms and conditions  apply


DISCLAIMER


By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.
If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.
The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.


               
SUBSCRIBE TO OUR MAILING LIST

Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

E-mail: info@miamalta.org

Tel. +356 2258 1900

© MALTA INSTITUTE OF ACCOUNTANTS, 2021  Privacy policy