Committees
Click on the links below for further information on the Audit Committee, Resolution Committee, Enforcement Decisions Committee, AML/CFT Co-ordination Committee, Risk Committee & Regulatory Committee.
The Audit Committee is established by and reports to the Board of Governors. Acting independently, the Committee assists the Board of Governors in its oversight responsibilities for the internal governance, internal controls, financial statements, risk management and internal audit function of the Authority.
Enforcement Decisions Committee
The Enforcement Decisions Committee is a new committee which is being established in order to provide a clear line of demarcation between authorisation, supervision and enforcement within the financial services industry.
AML/CFT Co-ordination Committee
The AML/CFT Committee shall act as a forum for alignment and coordination relating to anti-money laundering investigations and processes; and advise the Executive Committee on process improvements relating to AML/CFT procedures.
The main function of the newly launched Risk Committee will be to assist the Executive Committee and the Board of Governors in relation to the establishment and calibration of the Authority’s risk appetite and risk management.
The Reg Co co-ordinates regulatory, authorisation and supervisory matters, composed of the Chief Officer responsible for Supervision as its Chair, the Head of Authorisations and Heads of Supervisory Units.
The CMC evaluates proposed changes that are substantiated by a business case which will facilitate decision making and also tackles business transformation related issues, ensuring that any change presented is in line with the MFSA corporate vision.
