Malta 'golden handshake' storm further rocks financial services in region

clock • 2 min read

A public quarrel between the chief executive of the Malta Financial Services Authority (MFSA), Joseph Cuschieri, and the chief operating officer Reuben Fenech which has led to a legal challenge by an MFSA director, has rocked Malta's financial services industry. According to various local reports the row, which led to the dismissal of Fenech and a subsequent unprecedented judicial letter (sent on Monday) where MFSA director Joe Brincat warned the MFSA CEO, that any golden handshake payment was a breach of the rule of law that brought shame upon the government's administration of the coun...

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