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M21020 - Prudential treatment of software assets (Online)

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


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;


• 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).


1.5 Hours Core 


Terms and conditions  apply


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