The MFSA Annual Report 2021

In the report, the MFSA looks back at its achievements and key projects undertaken throughout 2021.

Highlights for 2021

€1.094 billion: The gross value added generated by Malta’s financial services sector grew by 4.3%
13,906: People employed within the sector
584: Licence applications received – more than double the amount processed in 2020
506: Outreach efforts including Notices, Circulars, Consultations, warnings and events

Some of the 2021 MFSA’s Key Priorities of the MFSA include the following:

Financial stability monitoring with the aim of safeguarding the domestic financial system, in particular for banking, securities and markets and insurance sectors.
Enhanced digital transformation through the launch of the Authorisation Process Service Charter
Focus on operational risk management with the aim of establishing a structured risk management process across the organisation.

Click here to download a copy of the MFSA 2021 Annual Report.

We are here to help

BDO Malta provides a wide portfolio of services including financial and regulatory advisory, business outsourcing, audit and assurance, tax & technology regulatory compliance. We can assist clients in obtaining an MFSA licence or with all their regulatory requirements with the MFSA.