The Malta Financial Services Authority (MFSA), in collaboration with the GBSB Business School, recently hosted a high-level workshop with a delegation from the Parliament of Ghana, focusing on corporate governance, board effectiveness, and enforcement practices in Malta’s financial services sector.
The workshop underlines the MFSA’s ongoing sharing regulatory expertise and fostering international cooperation.
It provided an interactive platform for knowledge exchange, dialogue, and the strengthening of institutional capacity in governance and supervision.
MFSA Chairman Jesmond Gatt opened the session by presenting the Authority’s mandate and strategic priorities. He then highlighted the importance of robust internal governance and effective board oversight as the foundation for institutional integrity.
Speakers from the MFSA’s Strategy, Policy and Innovation team, Amanda Vella and Elias Olasore provided an overview of Malta’s corporate governance framework and the MFSA Corporate Governance Code, illustrating how local standards align with international best practice.
The workshop also focused on governance in the banking sector. Catherine Galea, Head of Banking Supervision, together with Deputy Heads Anabel Armeni Cauchi and Nikolaos Grapsas, outlined regulatory expectations, supervisory priorities, and lessons from recent global developments.
Edward Grech, Head of Enforcement, concluded the technical sessions by presenting case studies of governance failures and subsequent MFSA enforcement actions, underlining the importance of effective oversight, independent directors, and robust control frameworks.
