The MDB Chairman Mr Leo Brincat welcomed the Auditor General Mr Charles Deguara and the Deputy Auditor General Mr Noel Camilleri, at the MDB offices, stating that the bond that links both entities is that good governance is their utmost priority.
Through a presentation about their operating model and product portfolio, the Bank’s Chairman explained the high standards that the Bank paid to its governance structures as well as to the wide-ranging scrutiny its operations are subjected to as provided for by law.
Mr Brincat explained the obligations resulting from its broadened remit from the European Commission that runs till the end of December 2027.
While the Bank is not subject to NAO scrutiny except where government funds are directly deployed, the NAO has carried out general, national audits on such topics as digitalisation, the green economy, climate issues and the circular economy, which also happen to be priority areas for the MDB.
When Government funds were directly deployed as in the COVID-19 Guarantee Scheme the NAO audited the Bank’s role in this scheme and the Bank came out with flying colours.
Governanza tajba hi priorità għall-MDB u l-NAO
Iċ-Chairman tal-MDB, is-Sur Leo Brincat, laqa’ lill-Awditur Ġenerali, is-Sur Charles Deguara, u d-Deputat Awditur Ġenerali, is-Sur Noel Camilleri, fl-uffiċċji tal-MDB fil-Floriana, fejn tkellmu dwar kif ir-rabta li tgħaqqad iż-żewġ entitajiet hija l-mod ta’ kif il-governanza tajba hija l-aktar priorità importanti għalihom.
Permezz ta’ preżentazzjoni dwar il-mudell operattiv u l-portafoll tal-prodotti tal-Bank, iċ-Chairman tal-MDB spjega l-istandards għolja li l-Bank jpoġġi fuq l-istrutturi ta’ governanza tiegħu kif ukoll dwar kif skrutinju wiesa’ fuq l-operat tiegħu huwa suġġett għad-dispożizzjonijiet tal-liġi.
Is-Sur Brincat spjega l-obbligi li jirriżultaw ukoll mill-mandat mogħti mill-Kummissjoni Ewropea li jkopri il-perjodu sa Diċembru 2027.
Filwaqt li l-Bank mhux suġġett għall-skrutinju mill-NAO ħlief meta jħaddem direttament fondi tal-Gvern, l-NAO wettaq awditjar ġenerali u nazzjonali fuq temi bħad-diġitalizzazzjoni, l-ekonomija l-ħadra, temi marbuta mal-klima kif ukoll l-ekonomija ċirkolari, li kollha huma oqsma ta’ priorità għall-MDB.
Meta fondi tal-Gvern kienu użati b’mod dirett mill-MDB bħall-Iskema ta’ Garanzija tal-COVID-19, l-NAO awditjat ir-rwol tal-Bank f’din l-iskema b’konklużjonijiet mill-aktar pożittivi fuq il-ħidma tal-Bank.