The Malta Financial Services Authority (MFSA) and the Accountancy Board have entered into a Memorandum of Understanding (MoU) that establishes a framework for co-operation, mutual assistance and exchange of information between the two entities.

"The MFSA looks forward to a closer collaboration with the Board which regulates the accountancy profession in Malta as this will further enhance the Authority's capacity to effectively supervise licensed entities," commented MFSA CEO Joseph Cuschieri.

On his part, Prof. Peter Baldacchino expressed his satisfaction, remarking that "the Accountancy Board is pleased that, for the first time, it has formalised, through this MoU, its collaboration with the MFSA within the parameters of its regulatory framework.  Consequently, the Board now looks forward to closer inter-regulator communications concerning any relevant issues of common interest."

The MoU was signed by Joseph Cuschieri, Chief Executive Officer of the MFSA, on behalf of the Authority and Prof. Peter Baldacchino, Chairman of the Accountancy Board, on behalf of the Accountancy Board.