MBA DISCUSSES PRIORITIES OF MALTESE EU PRESIDENCY WITH BRITISH COUNTERPARTS
The Malta Bankers' Association (MBA) recently hosted a meeting in Malta with a visiting delegation from the British Bankers' Association, led by its Chief Executive, Anthony Browne. The delegation also included representatives of HSBC Holdings plc, Citibank, Bank of America Merrill Lynch and J.P. Morgan.
In the course of the meeting, the priorities of the forthcoming Maltese EU Presidency were reviewed, with particular reference to financial services. In this context, the discussions covered a range of current regulatory issues including capital requirements, the application of proportionality, concentration rules and correspondent banking. Views on the implications of Brexit and its possible outcomes were also exchanged.
Whilst welcoming the British delegation, MBA Chairman, Mario Mallia, also highlighted the challenges of the banking sector given the sector's increased regulatory and compliance requirements. Mr Mallia also spoke about the forthcoming European Banking Federation's Executive Committee and Board meetings which next year will be held in Malta on the 4th and 5th May 2017.
The MBA was represented by its Chairman, Mario Mallia, Deputy Chairman, Marcel Cassar, and Secretary General, James Bonello.
3 December 2016