MNI BRIEF: New Malta CB Head Sets Goal of One-Term Reform

The newly-appointed governor of the Central Bank of Malta, Edward Scicluna, hopes not to go beyond his first five-year term of office, he announced in an interview Wednesday. Scicluna, a former Labour finance minister, MP and MEP, plans to bring the CBM and the Malta Financial Services Authority closer together, whilst also participating in the ECB''s review into its policy instruments, facing climate challenges, and the introduction of the digital euro.

"If I manage to do all this successfully, I will seek to retire and not seek an extension," he said.

Scicluna's predecessor at the CBM, Mario Vella, stepped down in December 2020, after just under five years in office, to take up the role of Special Commissioner for Economic, Financial and Trade Relations with the United Kingdom.