Paul Mifsud

On 11th of November, the Global Legal Entity Identifier Foundation (GLEIF) announced Sparkasse Bank Malta plc as the new Validation Agent within the Global Legal Entity Identifier (LEI) System.

The LEI is a 20-character, alpha-numeric, code that is necessary for legal entities that want to fulfill their regulatory obligations and participate in financial transactions and stock market investments. Therefore, entities holding investments in stock markets require an LEI to trade and have this renewed annually.

The LEI management service is a valuable addition to the bank’s current investment solutions.

In his comments, Sparkasse CEO and Managing Director Paul Mifsud said “it is a privilege to have been accepted as validation agent for LEI’s.”

“This service fits well with our philosophy to establish long-term relationships with our customers ensuring the provision of efficient and seamless financial solutions,” he added while stressing the fact that the bank recognises “the LEI’s value in creating the transparency that strengthens ties between organisations.”

“Our approval as a Validation Agent is a significant milestone,” Mr Mifsud affirmed and went on to say that “it enables us to streamline our approach to client lifecycle management, enhance our customer experience, and provide a uniquely powerful foundation to create new value-added services for our corporate clients.”

Featured Image:

Paul Mifsud, Sparkasse Bank Malta plc CEO and Managing Director

Related

Malta investment insights: MCConsult Founder Miriam Camilleri

3 March 2024
by Robert Fenech

She sheds light on the nuances surrounding the maritime industry in Malta as part of the latest edition of Malta ...

The Convenience Shop planning to make international expansion by 2025, says CEO Martin Agius

1 March 2024
by Fabrizio Tabone

He was speaking as the retail chain marks 15 years since it opened its first outlet in Żebbug, back in ...

New AQA SURE FUND seeks to focus on how ‘fish behave in your pond’ for high returns

1 March 2024
by MaltaCEOs

An actively managed strategy will focus attention on market behavior for a high yielding investment product.

How many airports is Malta connected to in 2024?

1 March 2024
by Fabrizio Tabone

MaltaCEOs.mt takes a look at the options available to travellers, as well as key business destinations, in the wake of ...

Close Bitnami banner
Bitnami