Risk Advisory and regulatory by industry

Risk as a value creator can make an impact in the majority of industries. Find out how...

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Banking  |  Insurance  |  Investment Management


Banking in Malta has long been the country’s backbone, supporting the growth of various other sectors. Rapidly growing and dynamic, Malta-based banks currently hold over €30 billion in deposits.

Following Malta’s accession to the European Union, credit institutions authorised by an authority in the EU or EEA can use their European passport to establish a Maltese branch or provide cross-border services in Malta, without the requirement to obtain a separate licence from the MFSA.

Deloitte has a dedicated banking team with diverse experience and knowledge to provide customised solutions for clients across all segments of the banking industry. Our team provides a range of services tailored to the needs of banks and other financial institutions. The team has built technical expertise and industry knowledge based on years of working with clients on various engagements including:

  • War Game Simulation Exercise      
  • SREP transformation including ICAAP and ILAAP
  • Risk and Regulatory Advisory
  • AQR and stress test design and support
  • Design and implementation of Recovery plans for systematically important banks


Insurance business has been part of Malta’s tradition from as far back as the 14th Century, in view of the Malta’s maritime trade with other countries around the Mediterranean.

Nowadays Malta boasts of a strong domestic insurance sector with a number of life and non-life insurers as well as reinsurers. In addition, the sector has seen strong international growth through Captive insurers and as a result of the Innovative Protected Cell Company structure which Malta pioneered within the European Union.

Both local and international insurance companies are supported by a network of international brokers, insurance managers, reinsurance companies and professional services firms. This allows firms to opt for the structure which best fits their Malta-based operations.

Deloitte is in a unique position to assist any insurance company through the provision of key services in line with Solvency II, the Insurance Distribution Directive and other regulatory requirements. Our team has experience working with insurance clients in various areas, including all aspects of:

  • Internal audit;
  • Risk Management;
  • Regulatory compliance (incl. licencing support);
  • Business continuity and disaster recovery planning; and
  • Corporate governance and policy design and implementation

Investment Management

Malta is a well-established jurisdiction for alternative funds. With the introduction of the Professional Investment Funds regime (PIFs) it offers unique opportunities for fund managers to set up funds outside the scope of EU Directive. This is in addition to Alternative Investment Funds (AIFs) under the AIFMD, as well as EU-compliant and globally recognised UCITS schemes.

The Maltese regulatory regime also helps local and international firms offer a wide range of services for both local and international clients. The services offered on the Maltese islands include Wealth Management, Trust Services as well as distribution of both local and international funds.

With the introduction of a panoply of new regulations affecting the funds sector, we provide specialist knowledge and fresh insight into the wide range of operational, technological, and regulatory issues surrounding the industry today.

Our team can offer a range of services from assistance with investment regulation from retail distribution (MiFID/MiFIR) to reporting (EMIR) and going on to funds (PIF, UCITS V and AIFMD). Our services in this area include:

  • Risk management support
  • IT audit
  • Internal audit
  • Regulatory advisory (inc. licencing support)
  • Bi-spoke training programmes  

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