On 4 December 2019, the Malta Financial Services Authority (the “Authority”) published its Supervisory Priorities for 2020. The document outlines the cross-sectoral themes and the sector-specific priorities that the Authority will be focusing on in 2020. The key areas of the Authority’s activity will range from governance and culture, financial crime and retail investor protection to cross-border operations, cybersecurity and financial soundness.
These priorities have been developed taking into account the market environment, legislative and regulatory developments, the supervisory programmes of European supervisory authorities as well as the Authority's past supervisory experience.
In the document the Authority is also indicating the regulatory and supervisory tools being used to meet the indicated priorities, including onsite visits, desk-based reviews, thematic reviews, supervisory engagement and deep-dives addressing specific risk areas.
A copy of the Authority’s Supervisory Priorities for 2020 can be obtained by clicking here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.