Momentum calls for political accountability over the MFSA suspension of trading in a government-owned company’s €25 million green bond
Momentum expresses serious concern following reports that the Malta Financial Services Authority has suspended trading in a €25 million green bond issued by a government-owned company. This is an embarrassing and damaging situation which raises serious questions about governance, transparency and political responsibility.
Malta cannot continue projecting an image of weak oversight and poor accountability, especially in sensitive sectors involving public funds and financial instruments. Investors and the public deserve clarity, professionalism and full compliance with regulatory standards.
Momentum believes that this case goes far beyond a technical or administrative issue. A government-owned entity finding itself in such a position reflects a wider culture of political complacency and weak corporate governance under successive administrations.
The government must immediately explain:
- how this situation arose;
- who carried political responsibility for oversight of the entity; and
- what steps are being taken to restore confidence and ensure full transparency.
Carmel Asciak, Momentum candidate on the 12th and 13th districts, stated: “Political accountability cannot stop at civil servants or technical boards. Ministers and political appointees responsible for state entities must answer for failures occurring under their watch.
Momentum reiterates the need for stronger standards of governance in state-owned companies, including merit-based appointments, independent oversight, and greater public scrutiny of financial operations involving taxpayers’ and investors’ interests.
Malta’s reputation has already suffered enough damage internationally. The country cannot afford further scandals and regulatory embarrassments involving public institutions and state-owned companies”.
Momentum jinsisti għal kontabilità politika wara li l-MFSA issospendiet in-negozjar ta’ “green bond” ta’ €25 miljun ta’ kumpanija tal-Gvern
Momentum jesprimi tħassib serju wara rapporti li l-Awtorità għas-Servizzi Finanzjarji ta’ Malta (MFSA) issospendiet in-negozjar f’green bond ta’ €25 miljun maħruġ minn kumpanija tal-Gvern. Din hija sitwazzjoni imbarazzanti u ta’ ħsara li tqajjem mistoqsijiet serji dwar il-governanza, it-trasparenza u r-responsabbiltà politika.
Malta ma tistax tkompli tipproġetta immaġni ta’ sorveljanza dgħajfa u nuqqas ta’ kontabilità, speċjalment f’setturi sensittivi li jinvolvu fondi pubbliċi u strumenti finanzjarji. L-investituri u l-pubbliku jixraqilhom ċarezza, professjonalità u konformità sħiħa mal-istandards regolatorji.
Momentum jemmen li dan il-każ imur ferm lil hinn minn kwistjoni teknika jew amministrattiva. Il-fatt li entità tal-Gvern tinsab f’din il-pożizzjoni jirrifletti kultura usa’ ta’ kompjaċenza politika u governanza korporattiva dgħajfa taħt amministrazzjonijiet suċċessivi.
Il-Gvern għandu jispjega immedjatament:
- kif inqalgħet din is-sitwazzjoni;
- min kellu r-responsabbiltà politika għas-sorveljanza tal-entità; u
- liema passi qed jittieħdu biex tinġieb lura l-fiduċja u tiġi żgurata trasparenza sħiħa.
Carmel Asciak, kandidat ta’ Momentum fuq it-12 u t-13-il distrett, stqarr: “Il-kontabilità politika ma tistax tieqaf mal-uffiċjali pubbliċi jew mal-bordijiet tekniċi. Il-Ministri u n-nies maħtura politikament responsabbli għall-entitajiet tal-istat għandhom jagħtu kont tan-nuqqasijiet li jseħħu taħt it-tmexxija tagħhom.”
Momentum itenni l-ħtieġa għal standards aktar b’saħħithom ta’ governanza tajba f’kumpaniji tal-istat, inklużi ħatriet ibbażati fuq il-mertu, sorveljanza indipendenti, u skrutinju pubbliku akbar fuq operazzjonijiet finanzjarji li jinvolvu l-interessi tat-taxxpayer u tal-investituri.
Ir-reputazzjoni ta’ Malta diġà sofriet biżżejjed ħsara fuq livell internazzjonali. Il-pajjiż ma jiflaħx għal aktar skandli u imbarazzament regolatorju li jinvolvu istituzzjonijiet pubbliċi u kumpaniji tal-istat.
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