“European
Sector Stability” a recent report drawn up by the European
Central Bank, has declared Malta’s banking system as the most
solvent in the entire European Union in 2008. Whilst other
European banking systems struggled during the past year, the
solvency ratio of the Maltese banking system was above average
with a ratio of 17.69% compared with the European Union average
of 11.7%. Malta’s Tier 1 ratio stood at 15% whilst the EU’s Tier
1 solvency ratio stood at 8.3%. This follows Malta being held as
the world’s 10th soundest bank by the World Economic Forum in
October this year.
Malta’s sound banking system placed amongst the banking systems
of Luxembourg, Sweden, Denmark, The Netherlands, Belgium and
Ireland. Also, Malta was one of the few European countries that
did not have to resort to bank bail-outs.
MFSA publishes Guidelines to Redomiciliation of Offshore Funds
to Malta
Hedge Week guide praises Malta as a fund domicile