Malta to set up Joint Financial Stability Board

In the coming days, the Central Bank of Malta and the Malta Financial Services Authority are expected to set up joint financial stability board. The aim of this organ will be to ensure that the local financial systems maintains its strength as well as to try, as much as possible, to diminish the systemic risk.

The move comes at a time when it is essential to continue inspiring faith in the soundness of the local financial system as well as to continue undertaking efforts aimed at instilling further stability. The board is expected to be composed of top-level officials from both the MFSA and the CBM.