In the light of the shared responsibility for the stability of the financial system with the Malta Financial Services Authority (MFSA), the two authorities have entered into a Memorandum of Understanding concerning their cooperation and exchange of information in the field of financial services. The Memorandum provides for the establishment of a Standing Committee that meets periodically to exchange views, and evaluate and consult on matters and developments of mutual interest that affect the financial system. The two authorities have also signed a Memorandum of Understanding in respect of their cooperation on matters concerning payment and settlement systems.

The Central Bank of Malta participates in various committees of the European Union (EU) and the European System of Central Banks (ESCB). To this effect the Central Bank of Malta is also signatory to the 2008 Memorandum of Understanding on cooperation between the financial supervisory authorities, central banks and finance ministries of the EU on cross-border financial stability. The Central Bank of Malta and the MFSA are also signatories to the 2003 Memorandum of Understanding between the European Central Bank (ECB), the national central banks and the supervisory authorities within the ESCB which sets out guiding principles for cooperation in crisis situations. Moreover, they are also signatories to the Memorandum of Understanding on co-operation between payment systems overseers and banking supervisors in Stage Three of Economic and Monetary Union, in force since 1 January 2001.

As from January 2011, the Bank also participates in the newly established European Systemic Risk Board (ESRB), which was created on the 16 December 2010 under EU Regulation No 1092/2010 of the European Parliament and of the Council of 24/11/2010 on EU macro-prudential oversight of the financial system.

Both the Bank and the MFSA are represented within the European System of Financial Supervisors (ESFS). Specifically, the Bank is represented in the ESRB and the European Banking Authority (EBA) while the MFSA participates in the ESRB and the European Supervisory Authority (ESA). Within the ESA three new authorities were formed – the EBA, the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA).

The EBA acts as a hub and spoke network of EU and national bodies safeguarding public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.

The EIOPA is part of the European System of Financial Supervision consisting of three European Supervisory Authorities and the ESRB. It is an independent advisory body to the European Parliament and the Council of the EU.

The ESMA is an independent EU Authority that contributes to safeguarding the stability of the European Union's financial system by ensuring the integrity, transparency, efficiency and orderly functioning of securities markets, as well as enhancing investor protection. In particular, ESMA fosters supervisory convergence both amongst securities regulators, and across financial sectors by working closely with the other European Supervisory Authorities competent in the field of banking (EBA), and insurance and occupational pensions (EIOPA). 

Link to ECB page on Financial Stability and Supervision

Link ghall-pagna tal-BCE dwar l-Istabbilita' Finanzjarja u s-Sorveljanza