A report published by Fitch Ratings and dated 16 April 2013 affirms Malta’s long-term foreign currency and local currency ratings
On 10th April, the European Commission published its In-depth review for Malta under the 2011 Regulation on the prevention and
Malta contributes actively to these institutions’ (ESRB and ESA's) oversight activities which have included the stress-testing of systemically important banks. Furthermore, the national financial regulatory and supervisory system is regularly subject to assessments by international organisations including the EU and the IMF.
On the 27th of March 2013, the European Insurance and Occupational Pensions Authority ("EIOPA") launched a public consultation on the Guidelines issued as part of the preparation of the implementation of Solvency II.
Central Bank Governor Josef Bonnici has dismissed as “misleading” any comparison between Malta’s banking system and that of Cyprus.
On 26th March, 2013, the Malta Financial Services Authority (MFSA) issued a consultation note regarding the proposed introduction of a rulebook (the Rulebook) applicable to Alternative Investment Funds (AIF). This is the MFSA’s fourth consultation regarding the implementation of the Alternative Investment Fund Managers Directive (AIFMD) (and barring one regarding the ESMA remuneration guidelines, potentially the last major one). The consultation period runs until 26th April, 2013.
Financial Times makes reference to the comments by the Central Bank of Malta Governor in an article entitled Small states reject Cyprus comparisons.
The Malta Financial Services Authority (MFSA) has today issued a consultation note regarding the proposed introduction of a rulebook (the Rulebook) applicable to de minimis Alternative Investment Fund Managers (AIFM). This is the MFSA’s third consultation regarding the implementation of the Alternative Investment Fund Managers Directive (AIFMD). The consultation period runs until 5th April, 2013.
Chambers & Partners, the internationally renowned legal guide, has re-confirmed GANADO Advocates' Band 1 (Top Tier) ranking in its 2013 edition of the Chambers Global guide for all practice areas covered for Malta.
The results of the general elections held on 9th March, 2013 means that a new party is in government for the first time in 15 years. The new government has already signalled its commitment towards continuity and that it will sustain existing policies in the key economic and commercial sectors, including the financial, maritime and aviation service sectors, amongst others.