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MFSA Chief: 'It's Much Easier to Leave a Bad Player Out' Than to Licence and Punish
"We're not after numbers, we're after quality, we're after legitimate business." That is how Kenneth Farrugia, the Chief Executive Officer of the Malta Financial Services Authority (MFSA), sums up the jurisdiction's approach to licensing, in an interview with Finance Magnates. He also stressed that the regulatory officers “don't have a social relationship,” despite Malta being a small island and the people they regulate might be next-door neighb…
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MFSA Chief: 'It's Much Easier to Leave a Bad Player Out' Than to Licence and Punish
"We're not after numbers, we're after quality, we're after legitimate business." That is how Kenneth Farrugia, the Chief Executive Officer of the Malta Financial Services Authority (MFSA), sums up the jurisdiction's approach to licensing, in an interview with Finance Magnates. He also stressed that the regulatory officers “don't have a social relationship,” despite Malta being a small island and the people they regulate might be next-door neighb…
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