MFSA hosts governance workshop with Ghanaian parliamentary delegation

The Malta Financial Services Authority (MFSA), in collaboration with GBSB Business School, has hosted a high-level workshop for a delegation from the Parliament of Ghana, focusing on corporate governance, board effectiveness and enforcement practices within Malta’s financial services sector.

According to the MFSA, the workshop formed part of the Authority’s ongoing efforts to share regulatory expertise and strengthen international cooperation. The sessions provided a platform for dialogue and knowledge exchange on governance standards, supervision and enforcement.

MFSA Chairman Jesmond Gatt opened the workshop by outlining the Authority’s mandate and strategic priorities. He highlighted the role of strong internal governance structures and effective board oversight as central elements in maintaining institutional integrity within regulated entities.

Presentations on Malta’s corporate governance framework were delivered by Amanda Vella and Elias Olasore from the MFSA’s Strategy, Policy and Innovation team. They provided an overview of the MFSA Corporate Governance Code and explained how local governance requirements are aligned with international best practice.

The workshop also addressed governance within the banking sector. Catherine Galea, Head of Banking Supervision, together with Deputy Heads Anabel Armeni Cauchi and Nikolaos Grapsas, outlined regulatory expectations, supervisory priorities and key lessons drawn from recent international developments affecting the banking industry.

Enforcement considerations were discussed by Edward Grech, Head of Enforcement, who presented case studies relating to governance shortcomings and subsequent regulatory actions taken by the MFSA. The session focused on the importance of effective oversight mechanisms, independent directors and robust internal control frameworks.