Looking back over the past year, one clear message has emerged:
the importance of financial services to the Maltese economy. The
sector now represents a cosmopolitan workforce of over 18,000
people, and an impressive 97.6 per cent of the €500 billion
FDI in Malta as of June 2023.
However, there is never any excuse for complacency and the
sector needs to look ahead to make sure that it keeps its
innovative edge and leverages its competitive advantages.
This is why one of the highlights of 2023 was the extraordinary
determination and vision which brought together over 100
stakeholders, from the Government to regulators and private
providers, to identify challenges and opportunities. The Malta
Financial Services Advisory Council, chaired by the steady hand of
Joseph Zammit Tabona, was set up in 2021 and spent two intense
years of consultation. The result was the launch, in March, of the
national strategy for financial services, which outlined no fewer
than 175 action
