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ARTICLE · 09 AUGUST 2022

An Evolving Regulatory Landscape

Finance Malta caught up with Michael Xuereb, Chief Officer Strategy, Policy and Innovation at the Malta Financial Services Authority.

MaltaFinance and Banking

FinanceMalta caught up with Michael Xuereb, Chief Officer Strategy, Policy and Innovation at the Malta Financial Services Authority. Here are four things that we have learned:

1. Sustainable finance is high up on the MFSA's agenda. Capacity building is the top priority in Malta and in the EU.

Michael Xuereb commented: "It is the first time that green financial products are being regulated in a large market and in such a comprehensive way, allowing consumers to compare the green credentials of products offered in different EU countries.

"On adifferent level, EU rules were planned to dovetail into an already established financial product and market oversight framework, but the push for better data quality will depend on the successful adoption of detailed taxonomies and improved data process automation across the financial sector," he added.

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