BOV and IFSP join forces to drive skills development across Malta’s financial services industry

Bank of Valletta and the Institute of Financial Services Practitioners (IFSP) have signed a strategic agreement aimed at strengthening Malta’s financial services sector through enhanced skills development, knowledge sharing and professional collaboration.

The agreement was formally endorsed by BOV CEO Kenneth Farrugia and IFSP President Nick Captur, and will see the two organisations working together on joint initiatives designed to support financial services professionals and organisations operating in Malta.

According to the statement issued, the partnership seeks to enhance competencies across the sector, ensuring practitioners are better equipped to respond to evolving regulatory requirements and changing market conditions. Areas of focus include professional training, industry engagement and the promotion of best practices.

BOV stated that the collaboration aligns with its broader commitment to supporting excellence and innovation within Malta’s financial services ecosystem, particularly at a time when the industry is facing increasing complexity and regulatory scrutiny.

From IFSP’s perspective, the agreement reflects the importance of collaboration between key stakeholders to reinforce the sector’s resilience and competitiveness. As part of the partnership, the two entities will also collaborate on initiatives promoting good governance, including the launch of the IFSP Directors Chapter.