News Releases

Staff at the Malta Financial Services Authority have collected 2,500 euro during a Bake Sale held in the Staff Canteen. Nine teams took part in this event and all contributions received from the Bake sale will be donated to the Karl Vella Foundation. This Foundation was established to provide e ...

Citizens legally residing in Malta have the right to open a basic payment account, for personal use, in a number of Maltese banks. Banking services are today considered as essential and consumers depend upon access to modern payment services. The right to open a basic payment account seeks to elimin ...

Further to the MFSA’s Public Notice dated 22 November 2018, and the setting up of the Hardship Fund on 23 November 2018, Satabank has contacted all personal account holders resident in Malta with deposits between €50 to €15,000. Satabank will next week start to contact all personal account hol ...

Following the MFSA’s announcement regarding the release of personal deposits, a hardship fund for Corporate clients of Satabank has been established. The Fund will be managed by Malta Enterprise. The Hardship Fund will provide a bridge loan to assist affected companies. The fund will effect and ...

As part of the controlled release of deposits, and further to the MFSA’s directive, EY as competent person will start the return of deposits to the first group of Satabank customers. This process shall start as of Monday 26 November 2018. The first customers will be selected from those which ha ...

Further to the Authority’s proposal to the European Central Bank (ECB) to withdraw the authorisation of Pilatus Bank as a credit institution, the ECB’s Governing Council has decided to withdraw the authorisation of Pilatus Bank with effect from today. The Competent Person remains in control o ...

1. Why has the MFSA frozen Satabank’s accounts? The MFSA’s key concern is to ensure the safety and security of customer deposits and ensure the stability of the Maltese financial system. The decision to instruct Satabank to stop allowing money in and out of the Bank was taken on this basis. ...

The Virtual Financial Assets Act (Chapter 590 of the Laws of Malta) (the ‘Act’) came into force today, 1 November 2018. The Act regulates the registration of whitepapers by Issuers of Virtual Financial Assets (‘VFAs’), VFA Service Providers and VFA Agents. The aim of the Act is to achieve ...

MFSA’s participation at this year’s Freshers’ Week at the University of Malta was a resounding success with hundreds of students visiting the MFSA stand and engaging with members of our Human Resources team and other colleagues from the MFSA on the various career opportunities with the Authori ...

This notice is being issued with respect to Satabank plc (“the Bank”) holding a credit institution licence in terms of the Banking Act (Chapter 371 of the Laws of Malta) hereinafter ‘the Banking Act’, with registration number C-66993 and operating from Aragon Business Centre, Level 3, Dragon ...