About this Training
The proposed MiCA Regulation lays down a framework for the regulation of the issuance and provision of services concerning crypto-assets. MiCA also introduces a framework governing the issuance of 'so-called stablecoins' by introducing two new crypto-asset classes, namely Asset Referenced Tokens and E-Money Tokens.
Once it comes into force, the MiCA Regulation will be directly applicable in all EU Member States, ensuring enhanced levels of harmonisation in the regulation of crypto-asset markets in the EU. The proposed MiCA Regulation seeks to bring crypto-asset markets within scope of financial services regulation by allowing for innovation in a way that preserves financial stability, market integrity and investor protection.
The EU crypto-asset industry has seen growth in the past years. The MiCA Regulation provides much needed legal certainty in a sector which was previously unregulated and also provides a framework for 'so-called stablecoins' which have the potential for mass adoption in the EU. MiCA will also facilitate the integration of the traditional financial services sector with the crypto-asset sector, and promote innovation in this regard.
About the Lecturers
Christopher P. Buttigieg
Chief Executive Officer ad interim & Chief Officer Supervision, MFSA
Dr Christopher P. Buttigieg is the Chief Officer Supervision and the Chief Executive Officer ad interim of the Malta Financial Services Authority. In his role as Chief Officer Supervision, he is responsible for the coordination and implementation of the supervisory and regulatory strategy across all the sectors under the MFSA’s remit. Prior to his appointment as Chief Officer Supervision, he held the position of Chief Officer Strategy, Policy and Innovation, and before that he was the Head of the Securities and Markets Supervision function. Dr Buttigieg joined the Authority in 2000 and has gained professional experience in different areas of financial regulation, supervision, and enforcement of market malpractice. He was also responsible for implementing various pieces of EU legislation and has led various regulatory and supervisory teams within the Authority. Dr Buttigieg sits on the Authority’s Executive Committee and is a member of the Board of Supervisors of the European Securities and Markets Authority (ESMA) and the European Banking Authority. He is also the Chair of the ESMA Data Standing Committee. He has a commerce degree (B.Com 1998), an accountancy degree (B.Accty. Hons. 2000) and a financial services law degree (M.A. Fin. Ser. 2003) from the University of Malta, as well as a European Union Law degree (M.A. EU Law and Soc 2005). He also obtained a doctoral degree in law (Ph.D 2014) from the University of Sussex (UK). His doctoral thesis deals with the governance of EU securities regulation and supervision. Dr Buttigieg is a senior lecturer in the Banking and Finance Department of the University of Malta and has published various papers in reputable journals, including the European Law Review, the European Company and Financial Law Review, the Columbia Journal of European Law, the Journal of Financial Regulation and Compliance, the Journal of Business Law, and the Law and Financial Markets Review. He is also a member of the Board of Trustees of the Academy of European Law in Trier and a visiting lecturer at the same institution.
Chief Operations Officer, MFSA
Ing. Ivan Zammit was appointed Chief Operations Officer in January 2020. He is a member of the senior leadership team of the MFSA responsible for the operational and corporate support functions of the Authority, including people and culture, technology, finance, administration and communications. Ing. Zammit works closely with the CEO and the rest of the management team to ensure a harmonised management approach for the Authority by coordinating corporate strategic and operational planning and execution to ensure the long-term sustainability of the Authority. He leverages operational and technical expertise to integrate people, process and technology such that the Authority operates efficiently and effectively, developing operating policies and procedures to ensure strong governance and operational infrastructure, and to ensure that all activities are performed in compliance with local and EU legislation governing the Authority’s activities. Ing. Zammit graduated with an Honours Bachelor’s degree in electrical engineering from the University of Malta and holds a Master’s degree in Business Administration from Henley Business School, UK. Throughout his professional career spanning over twenty-five years, Ing. Zammit has held various senior management positions and has vast experience in operations, technology and business management in the telecoms sector. He was a member of the executive team at Vodafone Malta with responsibility for its corporate and small business segments before spending some years carrying out management consulting as private practice on a full-time basis specialising in business transformation through people and technology.
Head of the Digital Finance Unit, European Commission
Jan Ceyssens is Head of the “Digital Finance” Unit in the Directorate General for Financial Stability, Financial Services and Capital Markets Union at the European Commission. He was previously Member and Deputy Head of the Cabinet of Vice President Dombrovskis and Member of the Cabinet of Vice-President Barnier, and Team Leader for Financial Supervision at the European Commission's Internal Markets and Services Directorate General. He graduated in law from Humboldt University in Berlin and holds a Masters degree in European Law from King's College London. He works at the European Commission since 2006, initially in the Directorate General for Competition's Cartels enforcement Directorate and since 2009 in the Internal Markets and Services Directorate General.
Head, Virtual Financial Assets, MFSA
Herman Ciappara was appointed as Head of Virtual Financial Assets in March 2020, after joining the MFSA as Head of FinTech & Innovation in September 2019. Herman started his 30-year long career at the Central Bank of Malta in 1989, holding several managerial positions within a number of functions at the Bank, amongst them, Information Technology, Operational Risk, Business Continuity and Information Security. Since 2011 he has held the position of Head of Payments & Banking, responsible for SEPA Regulation, Interchange Fee Regulation and PSD2, whilst acting as a catalyst function to influence retail payments policy and the development of the payments landscape in Malta. During this time he was Chair for the Payment System User Group and the API Standard Working Group, working closely with the Malta Bankers’ Association, as well as Chair of the Malta Clearing House Committee and the Malta SWIFT User Group. On a European landscape, Herman was an active member in the Market Infrastructure and Payments Committee at the European Central Bank, the Standing Committee for Payment Services at the European Banking Authority and the Commission Expert Group on Banking, Payments and Insurance at the European Commission. Herman graduated in Business Management with B.A. (Hons.) from the University of Malta and holds a Graduate Diploma in the Management of Information Systems from the University of Greenwich.
Ph.D Student, University of Pavia
Thomas Leach is a PhD student at the University of Pavia, his main research interests are in financial technologies and the impact of digitalisation on the economy. Recently, his work has focused on stablecoins and the impact of cyber risks to the economy and their drivers.
Professor of Statistics and of Financial Data Science, University of Pavia
Professor of Statistics and Financial Data Science. Supervisor of about 180 Master's students and 21 Ph.D students, currently working as academic researchers or data scientists, in the financial sector and in IT/consulting companies. Author of 200+ scientific publications among which 94 indexed in Scopus (with 1372 citations and an h-index of 21), focused on the construction of multidimensional statistical models to obtain accurate, explainable and robust economic predictions and risk management measures to improve the sustainability of digital and financial technologies. The publications have appeared in the top 10% Statistics, Finance and Artificial Intelligence Journals such as the Journal of the Royal Statistical Society series B, Journal of Business and Economics Statistics, Journal of Financial Stability, Finance Research Letters, Journal of Banking and Finance, Expert systems with applications, and Neurocomputing. Coordinator of 12 funded scientific projects, among which the European Horizon2020 projects “PERISCOPE: Pan-European response to the impacts of COVID-19 and future pandemics and epidemics (2020-2023)” and “FIN-TECH: Financial supervision and Technological compliance" (2019-2021). Editor of "Artificial Intelligence in Finance", Frontiers. Associate Editor of “Digital Finance”, Springer; and of "Risks", MDPI . Research fellow at the Bank for International Settlements and at the University College London center for Blockchain technologies. Expert at the European Insurance and Occupational Pensions Authority (EIOPA). Expert at the Italian Ministry of development for the National AI strategy. Member of the Academic Advisory Body of the International Association for Trusted Blockchain Applications (INATBA). Member of the steering committee of the Italian Statistical Society (SIS), the Association of Italian Financial Risk Managers (AIFIRM) and the European Network for Business and Industrial Statistics (ENBIS). Member of the European Big Data Value Association (BDVA) , the International Society for Bayesian Analysis (ISBA), the Italian Econometric Society (SIDE).
Senior Manager, Virtual Financial Assets, MFSA
Camille Pepos is a Senior Manager within the Virtual Financial Assets function of the MFSA which is entrusted with the authorisation and supervision of VFA Service Providers, VFA Agents and Whitepapers. An Economist by academic background, Camille also possesses two Master degrees in Finance and Wealth Management from the University of Nice Sophia Antipolis and IAE Graduate School of Management. Before joining the MFSA, Camille held various roles in private banking, fundraising, fintech advisory and corporate services.
Digital Finance Package: Introduction and Scope
MiCA: Maltese Perspective
MiCA: Benefits for the EU Crypto-Assets Industry
Regulatory Authorities, Central Banks, EU Institutions, Academics & Students
Date & Time
13th April, 2021 09:00
Detailed Presentations by Lecturers