OAR@UM Community:https://www.um.edu.mt/library/oar/handle/123456789/46472026-06-02T05:06:44Z2026-06-02T05:06:44ZAn overview of the Maltese framework for the regulation of crypto-assets and the need for international standards of best practice for the sectorhttps://www.um.edu.mt/library/oar/handle/123456789/1470082026-06-01T11:51:25Z2019-01-01T00:00:00ZTitle: An overview of the Maltese framework for the regulation of crypto-assets and the need for international standards of best practice for the sector
Abstract: Malta's initiatives in the Blockchain sphere started with the government's publication of a Consultation Paper on the establishment of the Malta Digital Innovation Authority; the Framework for the Certification of Distributed Ledger Technology Platforms and Related Service Providers; and a Virtual Currency Act'. This ultimately led to the enactment of three legislative acts; the Virtual Financial Assets Act'; the Malta Digital Innovation Authority Act and the Innovative Technology Arrangements and Services Acts; which together provide a holistic regulatory framework catering for regulation both from a technology and financial services perspective. Whilst the MDIA Act and the ITAS Act cater for the establishment of the Malta Digital Innovation Authority and the certification of innovative technology arrangements and services, the VFA Act provides a regulatory framework for virtual financial assets as a separate asset class for investment purposes. [excerpt]2019-01-01T00:00:00ZCloud computing and adapting financial supervision to the digital erahttps://www.um.edu.mt/library/oar/handle/123456789/1470072026-06-01T11:44:46Z2020-09-01T00:00:00ZTitle: Cloud computing and adapting financial supervision to the digital era
Abstract: Cloud computing is a facilitator for enterprise business transformation and has the potential of significantly changing the way financial services are offered to clients. Leaders in financial services and practitioners are progressively acknowledging that cloud computing can facilitate the: [a] storage of data and applications; [b] access of advanced software applications via the internet; and [c] application of advanced analytics for better and more integrated insights. [excerpt]2020-09-01T00:00:00ZRegulation of digital finance in the EU : challenges and opportunitieshttps://www.um.edu.mt/library/oar/handle/123456789/1469702026-05-29T13:25:22Z2021-04-01T00:00:00ZTitle: Regulation of digital finance in the EU : challenges and opportunities
Abstract: Digital innovation is key in today's world. The financial services sector is no exception, with various commentators highlighting an ongoing digital 'revolution' in this field. Whilst this inevitably creates a number of opportunities for stakeholders, it also brings a number of challenges to the fore - these inter alia include cyber security, privacy, and data protection issues.2021-04-01T00:00:00ZRegulating and supervising ICT risk in the financial sectorhttps://www.um.edu.mt/library/oar/handle/123456789/1469672026-05-29T13:16:02Z2021-09-01T00:00:00ZTitle: Regulating and supervising ICT risk in the financial sector
Abstract: In a dynamic financial world, regulation and supervision must be easily adaptable to remain effective. The development of business models which are largely based on technology as well as the digitisation and digitalisation of financial services have created new challenges for financial supervision. The financial system has become more reliant on ICT infrastructures and the confidentiality, integrity and availability of data and systems. Developments in this field are constantly challenging the status quo and, at times, required and still require a quantum leap in the regulatory framework, and the knowledge, tools and systems adopted for financial supervision. In this regard, cyber risk is considered of systemic relevance[1] and must be properly addressed. [excerpt]2021-09-01T00:00:00Z