Minister Clyde Caruana visits the Malta Financial Services Authority

Published by
The Malta Business Weekly

Minister for Finance and Employment Clyde Caruana visited the Malta Financial Services Authority as part of the pre-budget campaign “X’pajjiż tixtieq tħalli lil uliedek?”, welcoming onboard new CEO Mr Joseph Gavin. 

Minister Caruana described Mr Gavin’s engagement as part of the restructuring to strengthen the local financial services. Over the years, the financial services have significantly contributed to gross value added and thousands of real highly paid careers to the Maltese Market. 

“The amount of work that needs to be done is significant, but we all know this has been a long-time coming. It is my personal commitment to see this through, and step-by-step lay the vision for the years to come that this sector and our country deserves,” said the Minister.

Newly appointed CEO, Mr Joseph Gavin said, “As I join the Authority during these challenging times, together with the Chairman and the Executive team, I am set on collaborating closely with the government’s National Coordinating Committee and the entities within to keep providing our assistance for Malta to move beyond this phase. The MFSA’s mandate for the year to come will be to enhance the efficiency of its regulatory processes and drive improvement in the culture and conduct of the industry, through intrusive supervision and effective enforcement. I have great faith in our resolve to build a vibrant financial services sector that is robustly regulated.”

Chairman John Mamo said “I am pleased to welcome Clyde Caruana, Minister for Finance and Employment at the MFSA offices, and thank him for his ongoing support. I also look forward to working with Joseph Gavin, our new CEO at the MFSA, whom I can describe as the right man at the right time and in the right place.”

Over the coming weeks, Minister Caruana will continue his visits to several other entities to convey the Government’s vision for the forthcoming Budget.

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

Recent Posts

MFSA warns public of fraudulent companies misusing licensed entities’ details

The Malta Financial Services Authority (MFSA) has issued warnings against several fraudulent companies exploiting the…

2 days ago

Prime Minister visits Gozitan businesses which thrived after receiving support

During a visit to Gozo, Prime Minister Robert Abela toured two Gozitan businesses that have…

2 days ago

MDA calls for reform to ensure ‘fairness and accountability’ in magisterial Inquiries

The Malta Developers Association (MDA) on Saturday expressed serious concerns about the practice of implicating…

2 days ago

BOV Bugibba and Ħal Luqa branches reopen with modern upgrades

Branch in Ħaż-Żebbuġ closes for refurbishment Following weeks of intensive work, the Bugibba and Ħal…

2 days ago

Gozo’s economic growth must continue to result in common good and identity preservation, PM says

Prime Minister Robert Abela said that Gozo is an example of how economic growth must…

2 days ago

€1.6 billion to be invested in pensions and social benefits throughout 2025

€1.6 billion is set to be spent on pensions and social benefits throughout the calendar…

2 days ago