HSBC Malta and EY or­gan­ise sem­i­nar to sup­port cor­po­rates

Malta Independent - - BUSINESS | CLASSIFIEDS -

HSBC Bank Malta and EY Malta jointly or­gan­ised an ex­clu­sive event on the lat­est Eu­ro­pean Cen­tral Bank (ECB) guid­ance en­ti­tled the ‘Im­ple­men­ta­tion of the ECB Guid­ance on Lev­er­aged Trans­ac­tions’.

The pur­pose of this sem­i­nar was to as­sist cor­po­rate cus­tomers at bet­ter un­der­stand­ing the re­quire­ments around cer­tain fi­nan­cial ex­po­sures related to the use of bor­rowed funds to fi­nance as­sets, known as lever­age. The goal of this very well at­tended sem­i­nar was that of pre­par­ing these busi­ness cus­tomers for the even­tual im­ple­men­ta­tion of said guide­lines.

The in­for­ma­tion ses­sion com­menced with an in­tro­duc­tory ad­dress by HSBC Malta Head of Cor­po­rate Bank­ing, Kevin Rap­inett, in which he gave an over­view of the ECB guid­ance and the proac­tive ap­proach be­ing taken by HSBC to en­sure it is im­ple­mented in the most prac­ti­cal man­ner pos­si­ble for the ben­e­fit of its cor­po­rate cus­tomers.

This was fol­lowed by a pre­sen­ta­tion from EY Malta Bank­ing Ad­vi­sory Ser­vices As­so­ciate Part­ner, Grace Camil­leri, in which she ex­plained to the au­di­ence, most of whom were Chief Fi­nan­cial Of­fi­cers, the tech­ni­cal re­quire­ments re­quired by this guid­ance and other prac­ti­cal rec­om­men­da­tions on how best to pre­pare for it.

HSBC Malta Head of Com­mer­cial Bank­ing, Michel Cor­dina, con­cluded the ses­sion by thank­ing all those who at­tended and said: “HSBC be­lieves in the im­por­tance of in­vest­ing in such thought lead­er­ship events and is pleased to sup­port its cus­tomers by bring­ing the lat­est in­for­ma­tion about de­vel­op­ments in the fi­nan­cial ser­vices in­dus­try to the at­ten­tion of busi­nesses in Malta.”

HSBC Malta Head of Cor­po­rate Bank­ing Kevin Rap­inett ad­dress­ing the sem­i­nar on ECB’s lat­est guid­ance

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