Malta’s Financial Services Industry:
Emerging Stronger
The 14th edition of FinanceMalta’s Annual conference has arrived
Speakers
We bring together Malta’s finance community and help it move forward. Our line-up of speakers and panelists includes C-level executives from Malta and abroad, EU policymakers, Government representatives, officials of global standard-setting organisations, renowned academics, and researchers. From sector leaders to new challengers, from established companies to fast-growing start-ups, all our speakers are ready to share best practices and actionable insights on industry-moving trends. Hear what they have to say about the future of financial services – locally and globally.
Agenda
From in-depth analytics to impactful insight – an engaging and stimulating programme awaits you. Together we look at the latest developments in the world of fintech and regtech and drive discussions on the future of asset management, banking, insurance, and private wealth. Our speakers and panelists offer answers to questions around cybersecurity, talent development, and good governance. During the conference, we also take a deep dive into Malta’s strategy for sustainable finance and are taking stock of post-Brexit opportunities for Malta’s financial services industry.
Conference Format
FinanceMalta is on a mission to unite and reconnect the financial services industry in a safe way. This year the FinanceMalta Annual Conference will be held in a hybrid format. Sessions will take place physically in order to facilitate discussions and debates. We aim to bring together most speakers and panelists and will follow all Covid-19 safety protocols to protect the health of everyone involved. All delegates will connect virtually via Evowk, a brand-new platform for virtual events, offering highly interactive networking tools. Prepare for a new way to find the right contacts and learn about the key trends and developments affecting our industry.
Get a glimpse of what the FinanceMalta 14th Annual Conference will be like.
Conference area Conference auditorium Conference entrance
How to register?
Firstly, if you are interested in joining our annual conference, click on the “Register here” button, which will redirect you to our official registration on Eventbrite. Secondly, register your details and choose which pass is applicable to you. Finally, you will receive a confirmation email with a link to the conference platform and a copy of your official conference pass.
The conference will take place between the 20th and the 21st of July 2021.
All delegates please note that the platform that we will be using can only be accessed via a laptop or PC, and cannot be accessed through a mobile device (ex. smartphones, or tablets).
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Very professionally organized. Panels always provide insight for further thinking and reflection for further solutions and partnerships
Delegate at the 2019 FinanceMalta Annual Conference
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Very insightful, founding on all aspects of financing and innovation for finance in a fast-changing scenario.
Leonie Aquilina Xuereb, Ministry for Foreign Affairs & Trade Promotion
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An event full of experts, insights and way forward for the future
Maysam Risvi, Effinity
Conference Programme
Click on the MORE button below to see the two-day conference programme.
Please note that the time of the programme is indicated in CET hours.
Registered conference delegates will be eligible for CPE hours:
Malta’s Financial Services Industry: Emerging Stronger (Day 1) – 3 Core, 0.5 Professional Development
Malta’s Financial Services Industry: Emerging Stronger (Day 2) – 3.5 Core, 0.75 Professional Development
More Hide20th July 2021
09:00 – 09:10 Welcome Address
Rudolph Psaila, Chairman, FinanceMalta
09:10 – 09:20 Keynote Address
Hon. Clyde Caruana, Minister for Finance and Employment
09:20 – 09:35 Keynote speech: Good judgment – The heart of Good Governance
- Why good judgment is important for good governance in regulated environments in general and financial services in particular
- What judgment is and how it relates to the development of artificial intelligence
- The importance of developing it in yourself and your organisation
Prof. Sir Andrew Likierman, Professor at London Business School
09:35 – 10:20 Panel session: Malta’s Financial Services Industry – Quo vadis?
- Where is Malta’s international finance industry going and what are the next steps that need to be taken to stay ahead of the curve and remain competitive?
- As the financial services industry heads further towards its own Spotify moment, we ask how will Malta meet these challenges in such a rapidly changing business environment?
- Following the MONEYVAL & FATF evaluations, we discuss the key action points and recommendations.
- Looking to the future, does the sector urgently need a leapfrog strategy to survive and thrive as an international business and finance location and what does that look like?
Moderator:
Garvan Keating, Director, CountryProfiler
Speakers:
Alfred Camilleri, Chairman, National Coordinating Committee
William Spiteri Bailey, Chairman of the Service Providers Economic Group at The Malta Chamber
Kenneth Farrugia, Director, Financial Intelligence Analysis Unit
Dr. Christopher P. Buttigieg, Chief Officer Supervision, Chief Executive Officer ad interim, Malta Financial Services Authority
Joseph Farrugia, Registrar / Chief Executive Officer, Malta Business Registry
10-MINUTE BREAK
10.30 – 10.35 Is Malta emerging stronger?
Three indices carried out by Z/Yen will show how Malta has featured in recent years.
Recorded intervention: Professor Michael Mainelli, Executive Chairman of Z/Yen
10:35 – 10:50 Keynote speech: Fintech and RegTech accelerating transformation
An overview of the UK FinTech ecosystem and how it connects with global FinTech markets, and what role Innovate Finance and others play in support of the FinTech ecosystem. The speaker will also provide an overview of Innovate Finance’s priorities for the next 12 months, particularly as the world of FinTech emerges from the pandemic, and how it intends to build connections with like-minded hubs around the globe.
Peter Cunnane, Director of International & National Initiatives, Innovate Finance
10:50 – 11:30 Panel session: International Tax Developments
On 1 July 2021, 130 countries approved a statement providing a framework for reform of the international tax rules. These countries are members of the OECD/G20 Inclusive Framework on BEPS (“IF”). The statement sets forth the key terms for an agreement of a two-pillar approach to reforms and calls for a comprehensive agreement by the October 2021 G20 Finance Ministers and Central Bank Governors meeting, with changes coming into effect in 2023. Pillar One of the agreement is a significant departure from the standard international tax rules of the last 100 years, which largely require a physical presence in a country before that country has a right to tax. Pillar Two secures an unprecedented agreement on a global minimum level of taxation which has the effect of stipulating a floor for tax competition amongst jurisdictions. The panel will be discussing this subject together with other matters relating to Exchange of Information, and Country by Country Reporting.
Moderator:
Geraldine Schembri, Vice-Chair, Malta Institute of Taxation
Speakers:
Patrick Mifsud, Director (Corporate & International Taxation), Office of the Commissioner for Revenue
Christopher Sanger, Partner, Tax Policy, Global Government and Risk Tax Leader, UK
Dr. Ramona Piscopo, Tax Partner, Piscopartners
Ivan Zammit, Partner, Sheltons Group
11:30 – 11:45 Keynote speech: Considerations when Setting up a Family Office
- The Global Family Office Model
- The Family Office Response to the Pandemic
- Best Practices and Top Challenges
Carol Pepper, CEO, and Founder, Pepper International
Sponsor’s video – Sanne Group
11:50 – 12:05 Keynote speech: INSURANCE: Operational Resilience
Operational Resilience is the ability of firms and the financial system as a whole to absorb and adapt to shocks, rather than contribute to them. It has become a key area of focus of regulators over the past number of years but an increasing focus now at local country levels but also EIOPA and global levels. Firms are now being assessed by regulators not only in terms of financial but also their operational resilience. This presentation will describe the concept, explore trends from a regulatory perspective and provide insights into how companies are looking at compliance and embedding operational resilience into their business models.
Brian Morrissey, Partner, KPMG Ireland
12:05 – 12.20 GEDI: Gender-Smart Investing
Female founders outperform, and they exit faster, so why are they still receiving only 2.3% of VC and private equity funds?
Sophia Swire, Gender-lens Investor, and award-winning Social Entrepreneur
12.20-12.25 Keynote speech: Understanding the implications of the ECB’s Strategy Review
On 8 July 2021, the European Central Bank published its new monetary policy strategy, following a review launched by President Christine Lagarde upon her appointment in 2019. Among other things, the new strategy establishes a 2% inflation target with a medium-term orientation and addresses ways for the ECB to take into account the implications of climate change and the carbon transition.
Prof. Edward Scicluna, Governor, Central Bank of Malta
Sponsor’s Video – Continent 8 Technologies
12:25 – 12:40 Panel Session: The Future of Financial Regulation and Supervision: The Local Dimension within an International Context
What is the current economic situation and the crucial factors for future recovery?
Moderator:
Vanessa MacDonald, Communications Coordinator, Central Bank of Malta
Speakers:
Dr. Michelle Mizzi Buontempo, Chief Officer, Malta Financial Services Authority
Dr. Wayne Pisani, President, Institute of Financial Services Practitioners
12:40 – 12:45 Concluding Remarks
Rudolph Psaila, Chairman, FinanceMalta
21st July 2021
09:00 – 09:10 Welcome Address
Rudolph Psaila, Chairman, FinanceMalta
Including a recorded intervention from Dr. Jochen Biedermann, Managing Director, World Alliance of International Financial Centers (WAIFC)
09:10 – 09:20 Keynote Address
Hon. Kristy Debono, Opposition spokesperson of Economy, Financial Services, and Lands
09:20 – 09:40 Keynote speech: Cybersecurity: Emerging threats for financial services business
With cybersecurity attacks continuing to rise worldwide, especially around financial services, this panel will provide an insight into the types of cyberattacks, the instigators of attacks and discuss why the volume of attacks continues to rise. What immediate steps can companies take to minimise the likelihood, and severity, of experiencing an attack?
Sheila Pancholi, Technology Risk Assurance, RSM Risk Assurance Services LLP
Leon Allen, Innovation Director at Continent 8 Technologies – Global Hosting, Cloud, Connectivity and Cybersecurity Experts
09:40 – 10:30 Panel session: More or less regulation? London’s orientation and the consequences for Malta.
As financial regulation continues to ramp up across the globe, the participants on this panel discuss the future of London as a financial centre within this context and its relationship with European financial hubs, including Malta. How will changes within the UK impact the European and global competitive landscape, if at all? What does this mean for the different players across financial sectors?
Moderator:
Angele Spiteri Paris, Freelance Journalist and Research Consultant
Speakers:
Dr. Mario Vella, Special Commissioner for Economic, Financial, and Trade Relations with the UK
Graham Bishop, Commentator on EU Financial Regulation: driven by politics and economics, UK
Kenneth Farrugia, Chairperson, Malta Asset Servicing Association
Elizabeth Carbonaro, Chairperson, Malta Insurance Management Association
10-MINUTE BREAK
10:40 – 10:55 Keynote speech: BANKING UNION: Malta’s adoption of the European Deposit Insurance Scheme (EDIS)
An overview of the development of regulatory deposit protection and a comparison of current national Deposit Guarantee Schemes (DGS) with the developing European Deposit Insurance Scheme (EDIS). This session will look at the potential impact on Malta banks and depositors.
With the European Depositor Insurance Scheme (EDIS), the three pillars of the Banking Union will be in place – this will reinforce financial stability in the Euro area. EDIS is currently at a deadlock as some countries are arguing that this may bring along moral hazard leading to cross-border subsidisation. The strengthening of the Banking Union is on Eurogroup’s work program until December 2021, so we expect to see a possible resolution to the current stalemate.
Rick Hunkin, Chairman, Malta Bankers’ Association
10:55 – 11:45 Panel session: Malta’s strategy for Sustainable Finance
The coronavirus pandemic has put economies around the world under great stress. As we rebuild our economies, we need to think through how we tackle issues like climate change, using finance to transition to a low-carbon, more resource-efficient, and sustainable economies. We will unpack Malta’s vision for sustainable finance and its plans for implementing ESG across the broader economy. We will explore the opportunities it brings and the challenges we need to overcome to be respected participants in the global shift towards sustainable finance.
Moderator:
Deborah Webster, Co-Founder & CEO AMANIcircle
Recorded Interventions by:
Hon. Miriam Dalli, Minister for Energy, Enterprise and Sustainable Development
Prof. Rodney Irwin, Chief Operating Officer, World Business Council for Sustainable Development
Speakers:
Steve Ellul, Advisor, Ministry for Energy, Enterprise and Sustainable Development
Stephanie Galea, Head of Business Development and Marketing, Malta Stock Exchange
Phyllis Farrugia, Senior Advisor (Strategy & Policy), Malta Financial Services Authority
Dr. Malcolm Falzon, Camilleri Preziosi Advocates
11:45 – 12:00 Keynote speech: The Case for a Transparent Enforcement Procedure
The frequency and amount of administrative penalties issued by Maltese financial services authorities have increased exponentially in the last two years. While it is clear that further efforts and initiatives are expected from our country as a respected financial services centre, on the other hand, it is not expected that the authorities will relent in the issuance of fines and the imposition of heftier penalties and in generally increasing the standard of regulation, supervision and hence enforcement.
It is in this context that transparency on the administrative process leading to the imposition of such fines is required taking into consideration natural justice principles, equality of arms, due process, proportionality, and independent decision making. Setting out parameters for our authorities’ enforcement procedures and introducing guidance on settlement processes will necessarily lead to a reduction of appeals to the courts which will, in turn, speed up processes in the interest of stakeholders and consumers.
In this session, we intend to discuss this subject and encourage further discussion amongst stakeholders drawing inspiration from what other countries have done to deal with such thorny issues while ensuring that Malta remains attractive as a financial services center.”
Dr. André Zerafa, Managing Partner, Ganado Advocates
Sponsor’s Video – VacancyCentre (VC)
12:05 – 12:30 Keynote speech: EMPLOYMENT: Talent for the Future
- Globally, the financial services industry is experiencing a talent shortage and Malta is no exception. How should this issue be addressed?
- What are the key roles and skills that are currently needed for recruitment?
- How have hiring practices changed over the past five years and what measures are being implemented to attract and retain top talent?
- What work patterns and expectations have changed as a result of CVOID-19?
Robert Sultana, General Manager, VacancyCentre(VC)
12:30 – 12.50 Keynote speech: OUT OF THE GREY – Iceland´s Journey from the Grey List
What is Iceland´s experience from the FATF Grey List and the lessons learned?
Teitur Már Sveinsson, Chairman of the Steering Committee on Actions against Money Laundering, Terrorist Financing and Proliferation and Head of Iceland´s Delegation to the FATF.
Sponsor’s Video – Continent 8 Technologies
12:50 – 13:20 10 YEAR VISION FOR FINANCIAL SERVICES IN MALTA: 2021-2031
In interviews carried out with the Prime Minister, and the Leader of the Opposition, the audience will hear about the vision of the Government of Malta, as well as the Opposition for The financial services industry in Malta.
Interviewer:
Keith Demicoli, Communications, and Business Development, Malta Chamber
Speakers:
Hon. Dr. Robert Abela, Prime Minister of Malta
Hon. Dr. Bernard Grech, Leader of the Opposition
13:20 – 13:30 Concluding Remarks and presentation of the donation to YMCA
Rudolph Psaila, Chairman, FinanceMalta
The official sponsors of the 14th FinanceMalta Annual Conference
Diamond Sponsor
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“Trust Stamp’s biometric identity, risk, and compliance solutions establish trust in a virtual space, empowering financial institutions and their customers to emerge stronger with access to secure, low-friction digital services.” – Gareth Genner, CEO, Trust Stamp
Gold Sponsors
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“Our strategy is spurred by the need for the growth of the Maltese Capital Market. With the launch of the MSE Green Market, we are now looking at supporting Malta’s transition to a circular economy.” – Joseph Portelli, Chairman, Malta Stock Exchange
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“Sanne is proud to be sponsoring the FinanceMalta 14th Annual Conference, bringing together a line-up of experts and academics to share impactful insights on local and global industry-moving trends.” – Peter Nagle, Chief Commercial Officer, Sanne
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“With a record of over 23 years of operating with high ethical standards and good corporate governance as core values, our aim is to be a catalyst in contributing to Malta advancing as a financial services jurisdiction of repute.”- Adriana Camilleri Vassallo, CEO, Francis J. Vassallo & Associates Group
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“Looking ahead, the FIMBank Group will continue realigning its strategic focus
towards consistent business performance and enhanced customer value.” – Adrian Gostucki, Chief Executive Officer, FIMBank plc
Some reasons to attend the conference
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The most comprehensive industry event in Malta covering the financial services sector from all angles – from banking and asset management to fintech and insurance, and more
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A great opportunity to keep abreast of developments in financial services and understand what our industry will look like tomorrow.
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Learn about innovation and disruption in the financial services space and find out how to adapt to a continuously evolving environment.
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Gain new perspectives, find fresh inspiration and fill pandemic-induced knowledge gaps that will allow you to make informed decisions on the opportunities and challenges ahead.
The chosen charity organisation for the 14th FinanceMalta Annual Conference
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FinanceMalta believes in assisting those people who have had their lives and circumstances negatively affected by the pandemic and social issues.
We are pleased to announce that we will be donating a generous amount from the proceeds of delegate fees to the YMCA.
On behalf of the YMCA, we thank all delegates for helping us in this corporate social responsibility initiative.