Malta Financial Services Authority holds two-day regulatory exchange with the Reserve Bank of India on supervision and supervisory technology

The Malta Financial Services Authority (MFSA) reported that a two-day exchange with the Reserve Bank of India (RBI) took place in Malta, focusing on banking supervision and governance, the use of technology in supervision, and wider regulatory developments. The agenda covered the Maltese regulatory landscape, the MFSA’s supervisory approach and priorities, governance expectations for banks, bank authorisation processes and stress testing frameworks. The RBI delegation, led by Chief General Manager Puspamitra Sahu and including Manoj Kumar, Ponnie Raji Radhakrishnan and Tathagata Basu, shared perspectives on India’s implementation of Basel III and supervisory focus areas including climate risk and model risk. Further discussions addressed enhanced use of technology in banking supervision, stress testing the banking sector, and cybersecurity supervision. The exchange concluded with a discussion on potential staff exchanges and secondments between the MFSA and RBI, including capacity-building opportunities through the MFSA’s Financial Supervisors Academy.