Effective corporate governance is essential for organisations to ensure accountability, transparency and compliance. The MFSA recently overhauled its requirements for sound and prudent management within the payments industry through its revised FIR/03 rulebook. Join our webinar to gain insights into the principles of good corporate governance and regulatory expectations in this important area. Our industry experts will share valuable insights and practical considerations on how to establish robust governance structures, promote transparency and ensure accountability within your organisation.
Key highlights:
Core tenets of effective governance and internal control frameworks.
Key responsibilities, composition and suitability of the Board of Directors.
Embedding the three lines of defence model to add real value across the organisation.
Protect systems, data and the transfer of information through sound business continuity and disaster recovery arrangements.
Achieve and maintain ongoing regulatory compliance.
Why attend:
Gain a comprehensive understanding of the underlying principles of sound corporate governance practices.
Learn how an effective governance and internal control framework is mission critical to scaling up your business.
Discover effective ways to enhance your organisation's risk management and compliance.
Stay ahead of regulatory changes and understand their impact on your business.
Who should attend:
Directors: Members of the Board of Directors are assigned significant responsibilities for oversight of all legal and regulatory requirements.
Controlling functions: Compliance professionals, legal, regulatory and risk management professionals responsible for ensuring adherence to regulatory requirements.
Internal Audit teams: Understand the role Internal Audit teams can play in providing independent assurance of corporate governance arrangements.
Join us for this insightful webinar and equip yourself with the knowledge and tools to establish robust corporate governance arrangements in the payments industry effectively.
Agenda
Thursday, 8 May 2025
10:00
Welcome and introduction
10.05
Overview of the regulatory framework on corporate governance
10.10
Principles of sound corporate governance
10.17
Board composition and suitability
10.25
The three lines of defence
10.33
Internal governance and control framework
10.40
Effective governance of daily operations
10.45
MFSA expectations on prior notification and approval
10.50
Q&A
11.00
End of webinar
Meet the speakers
David Herrera
Director - Strategy, Risk & Transactions Advisory - Deloitte Malta
David is a Director in Deloitte Malta’s Strategy, Risk and Transactions Advisory business and leads the firm’s regulatory and financial risk offerings. David joined Deloitte from industry in 2017, and predominantly advises banks and financial institutions on matters relating to regulatory strategy, prudential requirements, corporate governance and operational risk management. David is a Steering Committee member of Deloitte’s Banking Union Centre in Frankfurt and is Deloitte Malta’s representative within the working group of Deloitte’s EMEA Centre for Regulatory Strategy. David holds a Masters in Public Policy and previously worked as a political advisor within the Office of the Prime Minister.
Luca is a Senior Consultant within Deloitte Malta’s Strategy, Risk and Transactions Advisory business, having joined Deloitte in July 2021 after successfully completing his undergraduate degree in banking and finance at the University of Malta. During his time at Deloitte, Luca has focused on regulatory compliance, internal audit and anti-financial crime engagements. Some of his key projects include assisting a large bank in benchmarking its retail credit processes against local and European regulations, assisting an international bank in integrating new requirements emanating from the revised Capital Requirements Regulation, and assisting a development bank in designing two financial instruments targeting start-ups and SMEs.
Flavia Passanisi
Consultant - Strategy, Risk & Transactions Advisory - Deloitte Malta
Flavia joined the Deloitte Malta’s Strategy, Risk and Transactions Advisory business in November 2023 following completion of her post-graduate studies in strategic management, where she carried out research and completed a dissertation on financial technologies and digital banking. During her tenure at Deloitte Malta, Flavia has focused mostly on regulatory compliance and internal audit engagements, including completing corporate governance audits in banking and investment services. She also conducted market and regulatory analysis for the Payments Association EU which is of benefit to Malta-based fintech companies and the wider cohort of interested stakeholders.
In 2020, Cheryl joined Deloitte’s Risk Advisory Business in Malta within the Regulatory and Legal Support team, where she has led number of engagements supporting clients operating in the financial services sector in areas including regulatory compliance and change management. Prior to joing Deloitte, Cheryl has 13 years experience working for a Domestic Systemically Important Bank (D-SIB or G-SIB as a Group). Her banking experience started in front-line roles, focusing on customer relationship management and business development, moving on to managerial roles specialising in risk management areas. Cheryl has led the implementation of a number of regulatory projects on a bank-wide level, working closely with the regulator as well as managing cross-functionally. She has held the position of Secretary for a Tier 1 Risk Management meeting where she gained substantial knowledge on the overall risks in the banking sector as well as identifying appropriate measures and controls. Through her experience in risk strategy, Cheryl has also acquired skills in governance management including the adoption and periodic review of the enterprise risk management framework, and other active roles in governance committees.
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