A four member delegation from the Budgetary Affairs Committee of the Chamber of Deputies of the Parliament of the Czech Republic held meetings with a number of public institutions during a recent visit to Malta. The delegation was headed by Milos Patera, who also acts as the chairman of the sub-committee on financial markets and lotteries.

The delegation was given an overview of the financial services industry in Malta by MFSA chairman Joe Bannister who was accompanied by members of the Authority's senior management team.

The ensuing discussions centred on current issues affecting financial services in Europe as well as other topics of international relevance. The strength of the banks in the respective countries and the ability of current capital requirements in Europe to withstand pressures in the financial system of the magnitude seen in recent months were among the topics discussed.

Other views were shared about the financial services infrastructure in both countries particularly aspects related to the autonomy, financial independence and accountability of regulatory institutions. The supervision of rating agencies and other harmonised regulation being implemented in the EU were also discussed.

Further information including: MFSA Consultations; New Licences Issued during May / June can be accessed from timesofmalta.com.

The MFSA is also producing an extended electronic version of its monthly newsletter. This may be downloaded from the Publications section on the MFSA website or requested by email addressed to communications@mfsa.com.mt.

MFSA web site: http://www.mfsa.com.mt
Registry web site: http://registry.mfsa.com.mt
Consumer web site: http://www.mfsa.com.mt/consumer

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