MFSA Successfully Completed 73% of Strategic Goals as of June 2025

The Malta Financial Services Authority (MFSA) has reported significant progress in the delivery of its strategic objectives, having completed 73% of its strategic goals by June 2025, according to a Strategic Update published last week.

The update, released on January 9, 2026, outlines the Authority’s vision for a more resilient, efficient and innovation-driven financial system, while reaffirming its commitment to high regulatory standards. The current strategy, which encompasses 27 strategic priorities, has now been extended through 2026 to allow the MFSA to consolidate achievements and respond to emerging challenges.

The Strategic Update was presented during an event attended by key stakeholders, including government officials, industry representatives, and regulatory bodies. It highlights the MFSA’s dual focus on maintaining robust supervision and supporting sustainable growth within Malta’s financial services sector.

MFSA Chief Executive Officer Kenneth Farrugia said the progress to date demonstrates the Authority’s determination to deliver on its commitments. He noted that while major milestones have been reached, the MFSA remains focused on strengthening market confidence and supporting innovation in a responsible manner.

Among the key achievements cited are the implementation of the Markets in Crypto-Assets Regulation (MiCAR) and the Digital Operational Resilience Act (DORA), the introduction of new rulebooks for credit institutions and company service providers, advances in supervisory digitalisation, and progress on sustainable finance initiatives. The MFSA has also developed new regulatory frameworks tailored to Malta’s market and enhanced collaboration with European and international counterparts.

These initiatives are intended to reduce administrative burdens, ensure alignment with EU requirements, enhance Malta’s competitiveness and reinforce strong standards of governance and compliance.

MFSA Chairman Jesmond Gatt described the update as evidence of the MSFA’s steady focus in an evolving global environment, emphasising its responsibility to markets, regulated entities, and consumers. Permanent Secretary at the Ministry for Finance Paul Zahra said the strategic process provides an opportunity to build on successes while addressing future realities.

The Strategic Update continues to be guided by five core pillars: agile regulation, resilience, good governance, innovation and engagement and can be found here.