Financial Services Czar

Financial Services Czar

Empower a Financial Services Czar to overhaul Malta's financial services sector to address key shortfalls - VAT issues, lack of custodian banks, enable FinTech, etc... The legislation process should be open to all in the form of a working group and not written exclusively by one or two big law firms that have interests in drafting laws to suit their purposes.

Points

Rather than working groups the financial services industry must pull together and form a proper industry association. Let's pull the same rope and compete with Ireland and Luxembourg not compete against each other. A bigger pie feeds all of us, if we fight over the same small piece we all lose. At least post-Shady Island we have a big incentive to pull up our socks and work together

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