Committees
Click on the links below for further information on the Audit Committee, Resolution Committee, Enforcement Decisions Committee, AML/CFT Co-ordination Committee, Risk Committee & Regulatory Committee.
The Audit Committee is established by and reports to the Board of Governors. Acting independently, the Committee assists the Board of Governors in its oversight responsibilities for the internal governance, internal controls, financial statements, risk management and internal audit function of the Authority.
Enforcement Decisions Committee
The Enforcement Decisions Committee is a new committee which is being established in order to provide a clear line of demarcation between authorisation, supervision and enforcement within the financial services industry.
AML/CFT Co-Ordination Committee
Established in 2020, this Prevention of Money Laundering and Funding of Terrorism Committee acts as a forum for alignment and coordination relating to AML investigations and processes. This Committee reports on its activity to ExCo.
The main function of the newly launched Risk Committee will be to assist the Executive Committee and the Board of Governors in relation to the establishment and calibration of the Authority’s risk appetite and risk management.
In line with the recommendations made by the International Monetary Fund (IMF), a Regulatory Committee (Reg Co) has been established as a sub-committee of the ExCo.
The CMC evaluates proposed changes that are substantiated by a business case which will facilitate decision making and also tackles business transformation related issues, ensuring that any change presented is in line with the MFSA corporate vision.
