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ARTICLE · 07 OCTOBER 2020

Financial Services And Fintech Weekly Update (06/06/20)

GTG Legal
GTG Legal
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GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

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The MFSA is responsible for continuously regulating, monitoring and supervising firms in the financial services industry in Malta.

MaltaFinance and Banking
Ian Gauci
Ian Gauci
Cherise Abela Grech
Cherise Abela Grech
Luke Mizzi
Luke Mizzi

Risk Based Supervision: MFSA strengthens Supervisory Approach

The MFSA is responsible for continuously regulating, monitoring and supervising firms in the financial services industry in Malta. This is key to safeguarding the integrity, prosperity, innovation and trust in the Maltese financial services sector.

To increase its supervisory effectiveness, the MFSA adopts a risk-based approach to supervision that considers potential macro and micro prudential, conduct and financial crime risks associated with the firms we oversee. Risk-based supervision revolves around the idea that as a regulator we have a finite number of resources that must be deployed where they can make the greatest difference. Adopting a riskbased approach therefore allows us to allocate resources on firms which are most significant and on the risks that pose the greatest threat to consumers and financial market stability.

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