CHAIRMAN'S STATEMENT
The Malta Financial Services Authority is pleased to present
this report of its activities in 2013.
I am pleased to report that the industry in Malta enjoyed a
successful 2013, with activity recorded in all sectors of the
finance industry as trading conditions eased and signs of growth
began to appear in the larger economies. The detail of the
MFSA's work in 2013 is contained in sections of the report
produced by senior staff and units of the Authority.
This year, in a departure from the established custom, my
statement will focus primarily on the immediate future and, most
notably, on the new EU regulatory requirements as they affect each
key part of the industry. The new approach presents significant
challenges to the industry and regulators alike. They aim to lay
the foundations for a more stable, robust and competitive finance
industry in the future. In addition to the new structures,
legislation and regulations emanating from the EU, the
