Chair of Supervisory Board of SSM visits MFSA


    The Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM) at the European Central Bank, Andrea Enria visited the Malta Financial Services Authority.

    The visit forms part of an annual programme of visits organised by the ECB to eurozone-based National Competent Authorities.

    In a statement the MFSA said that Enria held meetings with the senior management and with representatives of leading banking institutions licensed by the MFSA and the Malta Banking Association.

    The discussions focused on the MFSA’s key strategic priorities, including the strengthening of conduct within the financial services market and common challenges such as the prevention of money laundering, financial crime compliance and the financing of terrorism.

    Banking sector priorities were also on the agenda. These included non-performing loans, the threat of cyber-attacks, technological disruptions, the low interest rate environment, and other themes.

    Enria was appointed chair of the Supervisory Board of the Single Supervisory Mechanism last January for a five-year term. He had previously served as a chairperson of the European Banking Authority.