Banking & Finance News

Political agreement as regards the proposed legislative package on EU capital requirements and prudential supervision is aimed to be reached during the summer of 2012.

The Management Committee of the Malta Depositor Compensation Scheme is planning to introduce a reform to create a framework for fast payout of compensation to eligible depositors in the event of a bank failure.

The Malta Financial Intelligence Analysis Unit (FIAU) has published new guidelines to assist ‘Subject Persons’ better understand their duties to monitor the risk of money laundering (ML) and funding of terrorism (FT) which arise fro...

Malta scores 1.3 points higher on the Index for Economic Freedom for 2012 than it did for 2011.  This means that on a global scale the Malta economy is the 50th freest for 2012 and 23rd freest within a defined European region of 43 countri...

The MFSA has recently added a new member to its staff. Mr Michael Duignan has been appointed as the new Director of the Securities and Markets Unit at the Malta Financial Services Authority with effect from 1st Febru...

The MFSA is circulating a Proposal for a Bill entitled the ‘Various Financial Services Laws (Amendment) Act, 2012 which is to transpose the provisions of the Omnibus I Directive and amend the Trust and Trustees...

Business Insider recommends Malta hedge fund domicile in positive review.

The Bloomberg Markets magazine has recently highlighted Malta's attractiveness as a Hedge Fund domicile citing amongst other reasons, Malta's low taxes, its low labour costs and its EU membership.
 

ESMA issues notice urging investors to work with regulated FOREX brokers and to ascertain the risks involved in FOREX trading.

The government of Malta has been credited by Standard and Poor’s for implementing effective and sustainable economic policies.  These maintained its low deficit levels throughout the 2007-2009 global economic crisis to date.  Su...