Annual Report 2025
Building Trust. Strengthening Resilience. Shaping What Comes Next.
The MFSA Annual Report 2025 provides an overview of the Authority’s work during the year and its continued contribution to a sound, resilient, and well-regulated financial services sector. Against a backdrop of evolving risks, technological change, and increasing regulatory complexity, the report highlights how the Authority continued to deliver on its mandate while supporting confidence, stability, and sustainable growth across Malta’s financial services ecosystem.
Bringing together key developments, supervisory outcomes, strategic priorities, and sector insights, the report demonstrates how the MFSA strengthened regulatory effectiveness, engaged with stakeholders, and enhanced its organisational capabilities throughout 2025.
Through this report, stakeholders can explore the Authority’s progress, achievements, and impact during the year, as well as its ongoing efforts to foster trust, resilience, and long-term confidence in Malta’s financial services sector.
Leadership
“Confidence is built on strong governance, on the prevention of financial crime, on institutions that act with integrity and on a regulator that is trusted to set and uphold the standards that make participation in the market worthwhile.”
Jesmond Gatt
Chairman
Our People
In 2025, the MFSA continued investing in its people, expertise and international engagement, recognising that effective regulation depends on the knowledge, judgement and commitment of its teams.
Our Work
Throughout 2025, the MFSA’s work focused on strengthening supervision, promoting compliance, supporting market integrity and protecting consumers through risk-based, proportionate and forward-looking regulation.
Strategic Priorities
The MFSA’s strategic priorities continue to guide how the Authority delivers its mandate, responds to emerging risks, and supports confidence in Malta’s financial services sector. In an evolving financial and regulatory landscape, they provide a clear direction for the Authority’s work and help ensure that its activities remain focused, effective, and forward-looking.
Together, these priorities reflect the MFSA’s commitment to proportionate, risk-based regulation and support its efforts to promote market integrity, strengthen resilience, and foster a stable, trusted, and sustainable financial services ecosystem.
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
The 2025 Annual Report also provides a snapshot of Malta’s financial services sector, highlighting its contribution to the economy, employment and the wider national ecosystem.
Explore the Full Report
The highlights above offer a snapshot of the MFSA’s work in 2025. The full Annual Report provides a more detailed account of the Authority’s supervisory, regulatory, operational and strategic activity throughout the year.
As Malta’s financial services sector continues to evolve, the MFSA remains focused on strengthening trust, supporting resilience and delivering regulation that serves consumers, industry and the wider public interest.
