After the publication of the European Banking Authority’s conclusions that the Financial Intelligence Analysis Unit breached EU laws, I was shocked to read that the Finance Minister insisted, apparently as a justification, that he “never interfered” in the regulatory authorities’ work.
I was shocked because in management studies one of the overriding and fundamental principles of management is that you can delegate authority but you can never delegate responsibility. So I ask: who is responsible in Malta? Are the people in power not responsible, then?