The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
The Commission has issued a proposal for new bank crisis management measures. The new measures, which were made public on 6 June, are designed to create a sounder and stronger financial system and to avoid banks being bailed out with public money.
The proposed framework will be based, in the first place, on prevention through early intervention. Moreover, it will ensure that national authorities and the European Banking Authority (EBA) have the appropriate coordination tools to implement coherent procedures, particularly across borders. The framework will also provide for credible resolution tools when a bank is no longer viable but allowing it to go bankrupt would disrupt essential financial services and overall stability. The Commission said that sufficient funds should be available to finance resolution, but should only serve to ensure the continuity of critical functions and not to bail out troubled institutions.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).