Monday, 23rd November 2020
This event has already passed and registrations are closed.
The Malta Financial Services Authority (MFSA) is pleased to invite you to the webinar on Non-Bank Financial Intermediation (NBFI) being hosted by the MFSA’s Financial Supervisors Academy (FSA) on Monday 23 November 2020 at 0900hrs.
This webinar will bring together representatives from EU institutions, Central Banks, supervisory and regulatory authorities with the aim of discussing the developments in NBFI monitoring, as well as the challenges ahead. Over the last years, NBFI has had a positive impact on the economic landscape by supporting credit provision, market liquidity and market efficiency. However, such benefits are accompanied by bank-like risks which could lead to systemic risk. Thus, policy makers and regulators are required to closely monitor the developments in the NBFI perimeter, a highly challenging task due to the fast-evolving financial environment.
Several distinguished speakers will be participating in this one-day event, including supervisors, Central Bankers and academics. Among them, we look forward to welcoming Mr Francesco Mazzaferro, Head of the European Systemic Risk Board (ESRB) Secretariat, who will provide an overview of the work undertaken by the ESRB in this area.
We encourage you to submit your registration by filling in the below form by not later than Wednesday 18 November 2020.
Who Should Attend
This conference welcomes delegates from all National Supervisory and Regulatory Authorities, European Supervisory Authorities, financial stability and research departments of Central Banks, EU Officials and Academics.
Head of Financial Risks Monitoring Section, Financial Stability Department, Bank of Greece
Chief Officer Supervision & Chief Executive Officer Ad Interim, MFSA
Christopher P. Buttigieg
Dr Christopher P. Buttigieg was appointed as Chief Officer Supervision in March 2020 following his appointment as Chief Officer Strategy, Policy and Innovation in 2019 and now Chief Executive Officer Ad Interim. During his tenure as Head of Securities and Markets Supervision before 2019, which stretched over four years, Dr Buttigieg was responsible for work in the field of policy, regulation and supervision of securities, markets and FinTech. He joined the Authority in 2000 as Manager in the Investment Services Unit and has gained professional experience in various areas of financial regulation, supervision, the investigation of market misconduct and the enforcement of sanctions. Dr Buttigieg was responsible for implementing various pieces of EU legislation in the field of securities and markets and has led different regulatory and supervisory teams within the Authority. He sits on the Authority’s Supervisory Council and represents the MFSA at various European Fora on financial regulation and supervision. He is a member of the Board of Supervisors of the European Securities and Markets Authority (ESMA) and the European Banking Authority and the Chair of the ESMA Data Standing Committee. Dr Buttigieg is a senior lecturer in the Banking and Finance Department of the University of Malta and has published various papers on financial regulation and supervision in academic and professional journals. He is also a member of the Board of Trustees of the Academy of European Law (Trier).
Head of ESRB Secretariat, ESRB
Francesco Mazzaferro has been the Head of the Secretariat of the European Systemic Risk Board (ESRB) since January 2011. Prior to that, he was the Project Manager of the ESRB Preparatory Secretariat, which started work in March 2010. He began his career in financial research in the Research Department of the Istituto Bancario San Paolo di Torino (today part of Intesa Sanpaolo) in Turin, Italy, in 1987. He joined the European Commission in Brussels, Belgium, in 1992, starting his international career in the Directorate General for Economic and Financial Affairs, where his work focused on the European Currency Unit and preparations for the introduction of the single currency.
Chief Officer Strategy, Policy & Innovation, MFSA
Michael Xuereb was appointed as Chief Officer Strategy, Policy and Innovation in March 2020. He joined the MFSA in 2000, heading a number of functions throughout his years at the Authority, more recently occupying the position of Director – Regulatory Development and Financial Stability. In 2019 he was appointed as Senior Advisor to assist in the implementation of policy initiatives and regulatory reforms, as well as in the CEO’s engagement with national and international institutions and other stakeholders. Michael started his career as Counsel for the Republic at the Attorney General’s office, later joining the Malta Development Corporation, Malta’s inward investment agency, where he served as General Manager for a number of years. In the course of his career he sat on various boards, among them, the Lotteries and Gaming Authority, Finance Malta and Malta Industrial Parks Ltd, the Joint Financial Stability Board and was also an alternate member for the MFSA on the ESRB General Board. He has lectured in various institutions, including the University of Malta. Michael graduated as Doctor of Laws from the University of Malta in 1986 and holds a Master’s degree in Financial Services.
Head of People & Culture, MFSA
Calvin Cassar joined the Malta Financial Services Authority in June 2017 and was appointed as Head, People & Culture in May 2019. In his role he is responsible for matters relating to people within the Authority and specifically in driving activities relating to recruitment, retention, and remuneration & reward. Throughout his career he has held leadership roles in human resources in companies across different industries, including the automotive and financial services. He has been involved in HR transformation and capability building exercises, change management programmes, industrial relations and advisory work. He holds an M.Sc. in Occupational Psychology from the University of Leicester, and a Bachelor in Psychology from the University of Malta. Mr Cassar is involved in the delivery of training in relation to leadership, management and human resources within different institutions, and has published content in management publications and books for children.
Head of Financial Stability, MFSA
Joseph J. Agius
Joseph J. Agius was appointed Head of Financial Stability in September 2019. He had joined the MFSA in April 2014 as Deputy Director Securities and Markets, in which role he was responsible for investment firm and fund supervision and was a lead investigator in a number of high-profile cases resulting in enforcement action. Joseph started his career in financial services with Mid-Med Bank Ltd in 1978, holding various roles in the retail network. In 1992 he took on the role of Credit Analyst at Mid-Med Bank’s Head Office Credit Department, carrying out credit analysis preparation as well as making post credit decisions. A few years later, he formed part of a small team tasked with the setting up of Mid-Med Finance Ltd, the group’s merchant banking arm, eventually being appointed Head of this subsidiary which was subsequently taken over by HSBC Malta’s fund management subsidiary. Throughout his career, Joseph has held senior positions in investment management, fund administration and custody and was an active member of the committee at the Institute of Financial Services Malta and the Malta Funds Industry Association for a number of years.
Managing Director Securities Supervision, Austrian Financial Market Authority
Birgit Puck has been Managing Director of the Securities Supervision Department at the Austrian Financial Market Authority (FMA) since 2017, and in this capacity an Alternate Member of the Board of Supervisors of ESMA as well as being the Chair of the ESMA Standing Committee on Financial Innovation. Previously she was the FMA´s Director of Enforcement and Law since the FMA’s establishment in 2001. Prior to joining the FMA, she worked in commercial banking, investment banking and as a management consultant specialized in financial institutions. She holds postgraduate degrees in law from the University of Chicago and the University of Vienna, and has also passed the New York State Bar Exam.
Head of Financial Risks Monitoring Section, Financial Stability Department, Bank of Greece
Konstantinos Kanellopoulos has been the Head of the Financial Risks Monitoring Section of the Financial Stability Department at the Bank of Greece since July 2014, with the responsibility of monitoring and assessing developments in the financial system and its associated systemic risks, as well as conducting analysis on the domestic financial markets. He has been a member of the ESRB Expert Group on Non-Bank Financial Intermediation (formerly known as Shadow Banking Expert Group) since May 2016. Konstantinos joined the Bank of Greece in August 2000, staring his career as a Bank Examiner with the production of supervisory reports, the provision of answers to questionnaires from foreign supervisory authorities and international organizations and the assessment of project plans for granting of a license to new banks.
Head of Market-Based Finance, Central Bank of Ireland
Kitty Moloney leads and manages the market-based finance function in the Financial Stability Directorate. The purpose of the function is to provide empirical evidence for the development of policy in this area. Kitty Moloney is an economist specializing in financial market risks. before joining the Central Bank of Ireland, she ran her own consultancy specializing in economics and investment advice. She also lectured in the Bankers Institute, the Law Library, NUI Galway, Griffith College Dublin and Dublin Business School at professional, graduate and postgraduate level.
SciencesPo Paris and University of Evry
Giuseppe Loiacono is an Economist at the Single Resolution Board (EU Institution based in Bruxelles) and Adjunct Professor at SciencesPo Paris University and University of Evry, both in France. He has gathered experiences across different European institutions and central banks and conducted research on a large variety of topics. In particular, his areas of expertise relate to banks' resolution, financial markets infrastructures, shadow banking, and broader financial stability. Giuseppe has previously worked for the European Central Bank and the Central Bank of Malta. Giuseppe holds a M.Sc. in Corporate Finance and Accounting, and a Ph.D. in Banking and Finance.
Associate Lecturer in Banking and Financial Law, Queen Mary University of London
Dr Marco Bodellini is an Associate Lecturer in Banking and Financial Law at Queen Mary University of London (QMUL) – Centre for Commercial Law Studies (CCLS), where he teaches in the areas of Investment Banking Law, Securities Regulation and Banking Regulation. He is also an Adjunct Professor in Commercial and International Law at University of Bologna and a Lecturer at University of Warwick where he teaches International Corporate Governance and Financial Regulation.
Senior Analyst, MFSA
Mariana Gkoutse has been working as a Research Economist with the Financial Stability function of Malta Financial Services Authority since 2018. Her research work is primarily dedicated to stress testing, as well as other topics related to financial stability analysis. Over the past year, Mariana has been leading the Authority’s ongoing work related to non-bank financial intermediation. Prior to joining the Authority, Mariana gained relevant experience working as an Economics officer at the Financial Stability Department of the Central Bank of Malta. Mariana has been developing her expertise through continuous collaboration with both the local and international institutions such as the IMF and ECB. She completed her Masters in Economics at the Tilburg University, specialising in Resources, Development and Growth. She also holds a Bachelor’s degree in International and European Economic Studies from the Athens University of Economics and Business.
Theresa Fenech has been working as a Research Economist with the Financial Stability Function of the Malta Financial Services Authority since 2017, dedicating her time to a variety of research projects. Her main research interests include the empirical network analysis and the non-bank financial intermediation. During her time at the MFSA, she has undertaken a number of analytical projects in collaboration with international institutions such as the IMF, the ESRB and the ECB. Theresa is also a visiting lecturer at the University of Malta. Apart from being a Bachelor of Commerce graduate, she completed an honours degree in Economics and holds a Master’s degree in Economics from the University of Nottingham, specializing in Financial Economics.