“Financial supervision is not a static process but involves continually striving for improvement and acting in response to new challenges. It involves understanding changes and developments in financial services, such as in the field of non-bank financial intermediation and the associated risks to financial soundness and adapting the approach to financial supervision.”

This was the key theme of the MFSA’s Chief Officer Supervision and CEO ad interim Christopher Buttigieg’s welcome address during last Monday’s industry webinar on Non-Bank Financial Intermediation organised by the MFSA.  

“As regulators and supervisors, we must ensure financial stability by being proactive and establish an adequate regulatory framework to mitigate the bank-like risks, while at the same time reinforcing the positive impact of non-bank financial entities through our approach”.

Head over to the Malta Business Weekly for the full story.