02313cas a2200241 a 4500 AALejournalIMF016058 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513520896 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Malta : Financial Sector Assessment Program-Technical Note-Insurance and Securities Sector Supervision. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (52 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This technical note reviews the institutional arrangement and supervisory practices for the insurance and securities sectors in Malta, focusing on supervisory effectiveness. The legal powers and supervisory objectives of the Malta Financial Services Authority (MFSA) are clear and in line with international standards. The MFSA has adequate legal authority to discharge its supervisory responsibilities and to take the necessary preventive and corrective measures to protect the public interest. Clearly established legal gateways for information sharing facilitate supervisory coordination and cooperation between the MFSA and relevant supervisors/authorities, domestically and internationally. For the avoidance of doubt, the MFSA has proposed amending the MFSA Act to explicitly include the promotion of financial stability and financial market integrity as one of its key functions. Stable funding and full autonomy over the recruitment process are needed to support the MFSA's operational and financial independence. Recognizing the scope for harmonizing and enhancing the current sectoral risk-based supervision frameworks (RBSF), the MFSA is developing an integrated RBSF. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/348 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/348/002.2019.issue-348-en.xml IMF e-Library