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Promoting & supporting the development of financial markets & efficient payment & settlement systems

A well-structured payment and settlement system promotes the efficient use of resources and contributes to the integration of financial markets. The Central Bank of Malta operates a payment system, which forms part of TARGET2, and is known as TARGET2-Malta.

The Central Bank of Malta also oversees and regulates the operation of, and the participation in, both domestic and cross-border payment and securities settlement systems. Approval should first be authorised by the Bank before a payment and securities settlement system starts to operate. Furthermore, the Bank may also issue directives in respect of payment and securities settlement systems, cross-border credit transfer services and electronic payment services.