In terms of the Central Bank of Malta Act, Cap 204, the Board of Directors shall be responsible for the policy and general administration of the affairs and business of the Central Bank of Malta, except in relation to the functions imposed, and the exercise of powers conferred, on the Bank by or under the Treaty establishing the European Community done at Rome on 25 March 1957 and as subsequently amended (the Treaty) or the protocol on the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB) annexed to the Treaty. The Board consists of a Governor, a Deputy Governor and three other members. The Governor has the sole responsibility for the performance of the functions imposed, and the exercise of powers conferred, on the Bank by or under the Treaty and the Statute. The Governor and the Deputy Governor are responsible for the day-to-day management and operations of the Bank in accordance with the policy of the Board and are answerable to the Board for their acts and decisions. The Governors are appointed by the President of Malta, acting on the advice of the Prime Minister. The other Board Members are appointed by the Prime Minister. Both the Governors and the other Board Members are appointed for a term of five years but are eligible for re-appointment. The Bank is accountable to the House of Representatives and the Governor may be requested to report once every six months on the conduct of the Bank to the Public Accounts Committee (or another committee) of the House of Representatives and to provide such committee with any information deemed necessary.

Details on the members of the Board of Directors are given under the Organisation area of the website.