The MFSA welcomes the conclusions of the IMF consultations with Malta and is fully aligned with the recommendations for improvement articulated in the Article IV Mission Report.

COVID-19 has created unprecedented challenges for the financial services sector in Malta. While the MFSA remains focused on its long-term priorities, immediate attention has been directed towards protecting the most vulnerable from the repercussions of the pandemic, ensuring the fair treatment of consumers and small firms and keeping capital markets working normally while mitigating the impact of any potential disruptions in financial stability.

Notwithstanding COVID-19, the MFSA remains on track in addressing the strategic recommendations of the IMF and other international institutions, which include the strengthening of supervisory effectiveness and AML/CFT oversight, capacity building, technology development and data management.

The IMF Executive Board's Article IV Mission Report can be viewed here.