Malta Development Bank to launch schemes supporting sustainable development and creative sector
In 2024, the MDB launched the SME Guarantee Scheme and the Guaranteed Co-Lending Scheme
Redrawing the battle lines: how the ECB is adapting to a decade of low inflation
The European Central Bank’s first strategy review in 18 years sees minor but important changes
European Central Bank launches digital euro project
Architectures tested for the project are environmentally friendly, using much less energy than cryptocurrencies like Bitcoin
AML expert who led Iceland off grey list to address Malta financial services conference
Prof. Sir Andrew Likierman and Graham Bishop will also be discussing judgement and the benefits of more or less regulation
Despite decrease in operating income, banks remained resilient in 2020, finds latest Financial Stability Report
The report says local banks’ strong capital and liquidity positions and prudent business models helped Malta weather the pandemic
‘We can’t afford to get it wrong’ – Edward Scicluna on the green and digital transition
The Central Bank Governor described the current shift as ‘a momentous instance in history’
UK Finance Minister lays out post-Brexit financial services plan, admits failed bid for equivalence
Equivalence had been touted as a way for British firms to continue trading in EU jurisdictions
MFSA to improve authorisation process for financial professionals
Revised process includes centralised web platform, new forms and guidelines, and a commitment to established timeframes
Ex-FIAU chief questions if Unit’s supervisory role ‘distracts’ from its core obligations
Malta needs to convince international bodies that the compliance culture being cultivated is an enduring one, says Manfred Galdes
Financial services practitioners confident Malta can achieve removal from grey list within a ‘short period’
The IFSP says it remains committed to continue progressing and addressing the FATF's areas of concern
MBR introduced new ‘rigorous’ procedures to improve governance & compliance in 2020 – annual report
During 2020, the Malta Business Registry sent 56,000 notifications as legal letters
Financial services practitioners join growing chorus of Maltese calling for fair FATF assessment
‘The IFSP expects the demonstrable improvements made to form the basis for any decisions taken by the FATF’
Price of Government stock for retail and wholesale investors announced
The two stock options mature in 2026 or 2051
MFSA Financial Crime Compliance Head toasts improvements in AML/CFT control framework
AML/CFT full-scope examination capacity increased from 25 in 2019 to 81 in 2020
Barclays to repay millions to victims of Malta high interest time-share
Victims saw their credit rating destroyed as they paid exorbitant interest rates
Malta financial services sector value-added surmounts €1 billion in 2020 as MFSA reports €975k in fines
Supervisory inspections totalled 419 in the year, marking an 84% increase from 2019