“We consider consumers to be key stakeholders and not just service users. Ensuring their voices are heard and their experiences understood remains central to the MFSA’s work.
We remain committed to our vision: a financial system that works for everyone.”
Jesmond Gatt
Chairman
“Ensuring that our work adds tangible value remains a top priority. Rather than measuring success by volume or frequency, the emphasis is increasingly directed towards the quality and long-term impact of our interventions. What is underway is more than a procedural upgrade – it is about embedding a philosophy of smarter, more balanced regulation across the financial sector.”
Kenneth Farrugia
Chief Executive Officer
Our People
519
Full-Time-Equivalent Employees,
including 87 New Recruits
81
International Employees
from 28 Countries
780+
Opportunities for International Exposure,
Participating in over 150 International Forums
50
Students Enrolled in the
Pre-Graduates Programme
24,600
Hours of Training for Staff,
47 hours per FTE
50
Training Sessions Covering
40 Regulatory Topics
Our Work
2,380
Authorised
Entities
287
Applications Processed,
90% of which were Approved
1,400
Due Diligence
Reports
1,345
Supervisory Interactions,
up by 33%
50%
of Inspections had an
AML/CFT Focus
€926.5K
in Penalties, as part of
the 134 Enforcement Actions
54
Public Warnings
and Consumer Notices
11
Conferences and Industry Workshops,
Attended by Over 1,900 People
10
Mystery Shopping Exercises
to Assess Consumer Experiences
Our Five Strategic Pillars
Following the launch of our Strategic Statement in 2023, the MFSA’s Strategic Update reaffirms our focus on five key pillars. As we hold ourselves accountable on the progress made so far, we also ensure that stakeholders have clear visibility of how we’re achieving our priorities.
These priorities continue to shape how we navigate challenges, support market growth, and strengthen trust in Malta’s financial services sector.
Delivering Agile & Proactive Regulation
Delivering Agile and Proactive Regulation
We are streamlining supervision to be more agile, risk-sensitive and data-driven, while continuously improving processes and addressing timeliness, in order to address regulatory concerns promptly and efficiently.
Sustaining a Resilient & Internationally Networked Financial Sector
Sustaining a Resilient, Internationally Networked Financial Sector
We aim to build a robust financial sector that is well-connected internationally, promoting stability and growth in a global environment.
Promoting Good Governance & Compliance
Promoting Good Governance and Compliance
We are placing good governance programmes on a durable footing and launching compliance initiatives designed to ensure, build and maintain confidence levels.
Embracing Innovation
Embracing Innovation
Innovation is at the heart of our strategic vision. We are focused on integrating digitalisation in our operations, evaluating emerging business models, and ensuring that our regulatory framework supports technological advancements and new business processes.
Engaging with the Public
Engaging With the Public
Public engagement is essential for transparency and trust. We aim to enhance our outreach efforts, engage with consumer associations, and collaborate with educational institutions to promote financial literacy and attract talent to the sector.
The State of the Financial Industry
€1,407 Million
Generated by the
Local Financial Sector
21.6%
Growth in the Financial Sector’s
Workforce since 2020
8.2%
Contribution of Malta’s Financial
Sector to Total Real GVA
€32K
is the Average Annual Basic Wage,
approx. €8.9K above the National Average Wage
