Present and future changes affecting the banking sector
The Malta Bankers’ Association (MBA) annual conference, organised recently in webinar format, covered the transformation of the banking sector and the various challenges it is facing and will be facing in the future and how such elements will impact banks as well as their clients and communities. Titled ‘The Changing Face of Banking’, the annual conference brought together various relevant stakeholders to cover diverse aspects of the banking industry and assess the developments in the sector given the ongoing challenges and technological changes. The event also covered aspects relating to regulatory developments impacting the sector and provided insight on developments taking place in other jurisdictions’ banking sectors. “The conference demonstrated the dynamic nature of the banking sector in the face of the various changes and challenges. It also confirmed once again the importance that various stakeholders share their views and experiences as the sector continues to play a key role in our economies and societies,” said Karol Gabarretta, secretary general of the MBA, who facilitated the conference. Rick Hunkin, chairperson of the MBA and CEO at Bank of Valletta, gave an...