On 1 June, the Malta Financial Services Authority (MFSA) issued a release highlighting that the MFSA and the Accountancy Board, which regulates the accountancy profession, have entered into a Memorandum of Understanding (MoU).

This establishes a framework for co-operation, mutual assistance and exchange of information between the two entities. The MoU was signed by Joseph Cuschieri, Chief Executive Officer of the MFSA, on behalf of the Authority and Prof. Peter Baldacchino, Chairman of the Accountancy Board, on behalf of the Board who both expressed satisfaction upon recognition of this collaboration.