Malta : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management
Author/Editor:
International Monetary Fund. Monetary and Capital Markets Department
Publication Date:
November 21, 2019
Electronic Access:
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Summary:
This Note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans, early intervention when problems are identified, resolution planning, resolution funding, and deposit insurance. Until recently, Malta had no bank failures since the 1970’s; two banks have failed in the past two years, and these experiences are assessed.
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