Malta’s development as a financial services centre of repute has accelerated since membership of the European Union in 2004. The industry is an important pillar of the economy and is one of the faster growing sectors, taking advantage of a number of key attributes that Malta offers – including a highly-skilled workforce, excellent service, competence, technical infrastructure and robust legislative and regulatory frameworks. A recently published report by The Global Financial Centres Index ranked Malta fourth out of sixty-six financial centres, based on external benchmarking data and current perceptions of competitiveness.
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