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Cooperation



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.

Both the Bank and the MFSA are represented on the Committee of European Banking Supervisors (CEBS).

Link to ECB page on Financial Stability and Supervision

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





 

 

 

 

 





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