The Malta Financial Services Authority’s (MFSA) chief executive, Joseph Gavin, is “currently indisposed”, according to an announcement issued on Wednesday morning.
The authority’s board of governors has appointed Michelle Mizzi Buontempo as acting CEO in Mr Gavin’s absence. Her appointment is effective from 15th June 2022 (today).
Dr Mizzi Buontempo is currently the MFSA’s lead enforcer, being appointed to the role in March 2020, after five years heading conduct supervision.
She has over twenty years of experience in the regulation and supervision of different areas within financial services, including supervision of investment firms and fiduciaries. During her career within the MFSA, Dr Mizzi Buontempo has been entrusted with the responsibility of piloting a number of projects including the setting up of a regulatory regime to enhance consumer protection in the investments and insurance sector, as well the establishment of a new regulatory framework for trustees and company service providers.
Government coffers were boosted by higher revenues from tax income
The move was welcomed by banking regulators around the world
Malta has been at the forefront of the introduction of cell companies in the European Union