Ms Alexandra Sciberras (Sparkasse Bank Malta), Ms Maruska Buttigieg Gili (BNF) and Mr Simon Micallef (APS) were the MBA’s representatives at a webinar entitled “Banks in Malta: Dealing with Trusts and Foundations”, organised by FinanceMalta and held on the 27th January 2021.
The objective of the event, which was aimed primarily at legal and compliance officers working with local banks, was to provide a better understanding of these structured entities, how they are regulated and accepted by banks as their customers. The MBA’s representatives participated in a panel discussion moderated by Vanessa Macdonald from the Central Bank of Malta, which focused on the understanding of the banks’ position and concerns about trusts and foundations. The last part of the webinar featured an interactive Q&A session whereby attendees had the opportunity to actively engage with the speakers – who included Ms Alexandra Sciberras – and constructively contribute to the success of the event.
The MBA’s Secretary General, Karol Gabarretta commented that “the MBA is certainly delighted to have partnered up with FinanceMalta in organising and conducting this successful and fruitful webinar. The Association strongly believes in such events as they provide a very good platform for stakeholders from the part of both authorities and the industry, to discuss and share experiences. This dialogue also serves to enhance awareness on the technical and practical nuances which inevitably characterise the activities undertaken by all stakeholders. In this respect the MBA looks forward to further collaboration with FinanceMalta amongst others, to explore other areas of mutual interest.”
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