The Malta Financial Services Authority (MFSA) has published its report for the year ending 2012. Weathering successfully the turbulence in the Eurozone, Malta’s financial services sector has been resilient and continued to sustainably expand.
The Malta Financial Services Authority (MFSA) has published its report for the year ending 2012. Weathering successfully the turbulence in the Eurozone, Malta’s financial services sector has been resilient and continued to sustainably expand.
In 2012, growth was registered in all the key branches of the financial services sector.
The interest in Malta’s retirement regime, introduced two years ago, continued to grow with more new licences being granted in 2012 with the asset value managed by retirement scheme went up to €533 million.
In line with Malta’s commitment to ensuring that it offers practicable and workable solutions to investors, the Recognised Incorporated Cell Company was introduced last year to enable fund platform operators to offer a range of administrative services to fund clusters.
The above figures complement recent international reports on Malta’s financial services sector, including those by the rating agencies Standard and Poor’s and Fitch, affirming that Malta’s financial services industry is sound and stable.
