On the 27th of October, the Malta Stock Exchange (MSE) launched
the National Capital Markets Strategic Plan during a round table
event organised at MSE's premises in Valletta. Guests of honour
at this launch, the Hon. Dr. Joseph Muscat, Prime Minister of
Malta, and the Hon. Profs. Edward Scicluna, Minister for Finance,
spoke about the growth Malta has been registering within the
capital markets sector and the support measures Government is
implementing to enable MSE to further develop this sector.
During this event, Mr Joseph Portelli, Chairman of MSE, laid out
the 19 key initiatives and actions that form the MSE's National
Capital Markets Strategic Plan, including listings of exchange
traded funds and real estate investment trusts, the development of
Islamic capital markets products, initiatives to increase fund
listings, and various tax incentives in relation to both the main
market and the new Prospects market for SMEs.
Dr Max Ganado, Senior Partner at GANADO Advocates, was invited
to contribute to a panel debate, with participation of other
prominent figures within the local industry including the Hon.
Profs. Edward Scicluna, Profs. Joseph Bannister, Chairman of the
Malta Financial Services Authority Mr. Kenneth Farrugia, Chairman
of FinanceMalta, Ms. Juanita Bencini, Partner leading the Risk
Consulting Advisory Services team at KPMG, and Mr. Ronald Attard,
Country Managing Partner of EY Malta.
Panellists spoke about the importance of focusing on Malta's
core strengths, whilst remaining nimble and making the best of the
European Commission's Capital Markets Union initiative,
particularly in view of Malta's Presidency of the Council of
the EU next year and in the context of the new prospectus
regulation and the promotion of simple, transparent and comparable
(STC) securitisation. They also discussed over regulation within
the context of securitisation.
The general consensus that emerged during this panel discussion
was that as part of our long-term national strategy, every effort
should be made for Malta to strengthen its capital markets offering
to complement its already successful status as a financial services
centre. All panellists expressed their appreciation to MSE for its
plan of action and confirmed their commitment to helping
Malta's capital markets sector grow in line with the National
Strategic Plan. Panellists also commented on opening up the MSE as
a platform for international institutional listings, apart from
domestic issuers and investors, following in the footsteps of other
During this event, MSE also announced the launch of the Malta
Stock Exchange Institute – an educational entity aimed at
shaping and moulding future financial sector professionals. GANADO
Advocates is actively involved in the 2017 educational programme
with Dr Marina Grech to deliver a course on financial markets
compliance and regulation and Dr Nicholas Curmi to deliver a course
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