The collaboration between Bank of Valletta (BOV) and the Maltese-French Chamber of Commerce was renewed during a presentation at the French Embassy. Kenneth Farrugia, Chief Business Development Officer at BOV, emphasised the importance in promoting trade relations between Malta and France during his address.
Bank of Valletta held the sixth edition of the BOV Aviation Outlook at their head office in Santa Venera on May 8th. The conference highlighted Malta's continued growth of the aviation industry with maintenance, repair and overhaul (MRO) operations, back-office setups, R&D and the production of aircraft components.
Joe Bannister, Chairman of the Malta Financial Services Authority, says the financial services sector needs to brace itself for more centralised and integrated financial supervision at EU level. Despite this, he thinks that the opportunity for Malta to position itself as an innovative finance hub has never been greater, and blockchain technology could play a key role in the finance centre’s future.
iGaming companies should further strengthen the level of communication within the industry on governance matters, highlighting processes and procedures they have in place to manage the various risks posed by this sector, says Kenneth Farrugia, Chief Business Development Officer at Bank of Valletta.
While new regulations are affecting banks’ bottom lines, Raymond Busuttil of IIG Bank urges smaller players to remain niche in their approach and not to emulate larger institutions with a full package of consumer services.