Last Updated on Saturday, 6 November, 2021 at 4:58 pm by Andre Camilleri
The Governor of the Central Bank of Malta, Professor Edward Scicluna addressed the opening session of a number of workshops as part of the implementation phase of a new Treasury Management System.
The Treasury Management System Project, also referred to as the Market Activities Processing System (MAPS) Project, is the shared solution implemented by the Banco de España and Banque de France for the processing of Reserve and Treasury Market Operations with the view to raise the efficiency of financial market operations. It specifically caters for the needs of Eurosystem Central Banks, of which the Central Bank of Malta is a member.
This project is intended to support the Bank in the management of its asset classes, including FX Products, Money Markets, IMF Transactions and Fixed Income Products, while introduces new asset classes such as equity funds and exchange traded funds, amongst other instruments. The project would thus enable the Central Bank of Malta to be in a position to widen its investment universe and enter into new asset classes.
Professor Scicluna concluded his address by saying, “This project brings to the fore the advantages that membership of the Eurosystem conveys to the Bank in its service to the country.”