Kenneth Farrugia

Last updated on 2014-04-20T03:56+0300.

About this image

sign

Quotes... Extracted quotes from

Kenneth Farrugia noted : “It’s not just that the UK is losing its greatest trade partner, but the EU is losing the most developed financial centre and the fifth largest economy from all EU member states,” External link

timesofmalta Saturday, April 24, 2021 9:19:00 AM EAT

Kenneth Farrugia said : “The BOV HomeEnergy Loan will enable your home to have a significantly smaller carbon footprint while the improvements will reduce your energy consumption and help you save on electricity bills,” External link

timesofmalta Monday, April 19, 2021 7:49:00 PM EAT

Kenneth Farrugia declared : “Indeed, engineering is an important professional discipline, allowing society to live comfortably through the deployment of technology and innovation. Undoubtedly, it is one of the key professions that unleashes the spirit of innovation,” External link

timesofmalta Sunday, March 28, 2021 12:38:00 PM EAT

Kenneth Farrugia concluded : “This is very much in line with Bank of Valletta’s ESG commitment towards inclusive and equitable quality education; promoting lifelong learning opportunities and, at the same time, strengthening business alliances with professional organisations such as the Chamber of Engineers,” External link

timesofmalta Sunday, March 28, 2021 12:38:00 PM EAT

Kenneth Farrugia stated : “This means that for the first three years, customers will effectively be paying only a 0.5 per cent interest rate per annum on this loan. We have also waived all processing fees and customers do not need any upfront contribution or collateral,” External link

timesofmalta Monday, January 25, 2021 2:42:00 PM EAT

Kenneth Farrugia said : "I have been given different instructions" External link

MaltaIndipendent Friday, January 31, 2020 6:47:00 PM EAT

Kenneth Farrugia said : "FinanceMalta has contributed significantly to the growth and importance of financial services to Malta's wider economy. We have experienced growth in every sector be it funds and asset management, insurance as well as wealth management. We have consolidated our initiatives in core markets, extended FinanceMalta's reach to new jurisdictions, and also carried Malta's proposition in new sectors such as blockchain and FinTech. In this respect I must thank all governors who over the years contributed tirelessly to face the challenges of a young jurisdiction, and the members for their unwavering support throughout the years, as well as management and staff for their contribution to ensure Malta is a jurisdiction of repute in financial services. I wish Mr Psaila every success in his new role, and he knows that he has my full support on the Board" External link

MaltaIndipendent Friday, November 22, 2019 4:47:00 PM EAT

Kenneth Farrugia said : “The FIAU cannot publish penalties levied against practitioners pending the outcome of the appeal process but the agency has proposed legal changes to this effect, which we hope will make our sanctioning more effective,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia said : “In this way, we will adopt a new risk-based supervisory approach that will see entities deemed to be of higher risk being examined once every 18 months,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia added : “The FIAU values the independent and technical Moneyval assessment We appreciate the positive outcomes of this report and take heed of all recommendations,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia said : "We are very pleased to have yet another financial instrument listed on the Malta Stock Exchange" "We are very proud to be able to say that Bank of Valletta has consolidated itself as a solid and rewarding investment over the years, and the prompt take up of the offer confirms that the investing public firmly believes in the strength and success of the BOV Group" External link

investineu Thursday, July 18, 2019 2:18:00 PM EAT

Kenneth Farrugia said : “The broad number of topics that this conference has addressed are in effect a reflection of the sheer diversity of the financial services industry in Malta,” “With all these important topics in mind, we have invited a strong line up of high-calibre speakers comprising distinguished subject matter experts from the regulatory authorities and market players alike. All under one roof, the speakers and panel members have discussed the challenges and opportunities that both regulations and financial technology are inducing on the industry’s traditional business and operational models,” External link

timesofmalta Saturday, June 8, 2019 7:37:00 AM EAT

Kenneth Farrugia said : "During this year's conference we will be discussing the challenges and opportunities that the domestic and global financial services sector is going through in view of the ongoing technological advancements and innovation. The conference is timely and relevant at a time when AI and Blockchain technologies are starting to transform, if not disrupt, payment systems, core banking activities, portfolio and asset management and the insurance industry. FinTech and RegTech are becoming buzzwords" External link

MaltaIndipendent Friday, June 7, 2019 5:31:00 PM EAT

Kenneth Farrugia said : “We’re not there yet, there’s room for improvement,” External link

MaltaToday Thursday, June 6, 2019 7:26:00 PM EAT

Kenneth Farrugia said : “During this year’s conference we will be discussing the challenges and opportunities that the domestic and global financial services sector is going through in view of the ongoing technological advancements and innovation. The conference is timely and relevant at a time when AI and blockchain technologies are starting to transform, if not disrupt, payment systems, core banking activities, portfolio and asset management and the insurance industry. Fintech and Regtech are becoming buzzwords” External link

timesofmalta Friday, May 31, 2019 9:54:00 AM EAT

Kenneth Farrugia said : “BOV can assist businesses in structuring their finance plan using Malta and EU funds and leveraging on the bank’s EU funding intelligence through its office in Brussels,” External link

timesofmalta Thursday, May 9, 2019 8:45:00 AM EAT

Kenneth Farrugia stated : “Within this context, the banking sector will need to be supported with bespoke and comprehensive regulatory and legislative frameworks to mitigate the risks that these new technologies inevitably bring along, particularly mindful of the regulatory focus on sustainability and stability of the banking sector, as well as related AML concerns,” “The industry has become an important economic enabler by way of its contribution to the country’s GDP, which has more than doubled in the last few years, and brought about the creation of highly remunerated employment opportunities. Consequently, it is imperative to protect the integrity and reputation of this industry as this will sustain its growth thrusts going forward” External link

investineu Monday, April 1, 2019 2:45:00 PM EAT

Kenneth Farrugia said : “We are constantly making sure that the industry is up-to-date with all the latest advancements in fintech, including the challenges. One of these challenges is AML compliance obligations, which today remains high on the agenda in any discussion on financial services” External link

timesofmalta Saturday, March 23, 2019 9:15:00 AM EAT

Kenneth Farrugia said : “cyber attacks are traditionally after either illegitimate money transfer or data or both. Evidently, the motivation behind this cyber attack indicated that money was the key motivator” External link

MaltaIndipendent Friday, February 15, 2019 5:19:00 PM EAT

Kenneth Farrugia insisted : “one needs to point out that the bank decided to shut down the whole system for security reasons, not because the whole bank system was under a cyber attack. It was only a small part of the system that was hacked but the bank decided to shut down the rest of its operations. Precaution was needed and that is why we switched everything off. This caused disruption but we are happy that we managed to come back in operation after a few hours. After we switched off our systems we made sure that the customers’ service centre was given more resources so as to deal with queries that our clients had” External link

MaltaIndipendent Friday, February 15, 2019 5:19:00 PM EAT

Kenneth Farrugia said : “It’s not simply a matter of asking the banks for the money to be reversed. It does not work like that and there are banking procedures that have to be implemented,” External link

timesofmalta Friday, February 15, 2019 10:03:00 AM EAT

Kenneth Farrugia says : “We only started switching on our systems when our IT and security people gave us the go ahead that they were safe to do so,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “We did not want to run the risk of having the malware being dormant in some other system and thus the measure was intended to protect customers,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “It is not uncommon in these types of hacks to have an initial wave of attacks serve as a diversionary tactic. We wanted to avoid a situation like this, which is when we switched off everything until all verifications were performed,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia explains : “The security measures around our IT system are continuously being updated and have repelled many such attacks. This was a malware unseen before. These things do happen. What is important is the manner by which we reacted. The problem was identified immediately and swift action taken to stop further damage. We roped in the police immediately and took action to isolate the incident, in the process safeguarding customer deposits. Our response was such to ensure the bank was safely up and running in less than 24 hours,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “We were speaking to branch managers on contingency plans to serve customers just the same but our IT people gave us the go-ahead to start switching on the electronic platforms,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia said : “The aim of our participation in this high-profile event is twofold. On one hand to network with leading UK and international stakeholders and on the other hand to promote Malta as a financial services centre of international repute” External link

timesofmalta Saturday, February 9, 2019 8:58:00 AM EAT

Kenneth Farrugia said : “We were delighted to be in London last month showcasing Malta’s many successes in 2018 and the promising initiatives ahead,” “It was great to engage with the UK’s financial journalists and to tell them more about our 2019 plans. It is an exciting time for Malta, and I look forward to future progress and innovation” External link

timesofmalta Tuesday, February 5, 2019 10:57:00 AM EAT

Kenneth Farrugia said ( about The UK ) : “The UK could, once it is out of the EU, negotiate its own free trade agreements but, so far, none have been formalised and it is still not clear what will happen,” External link

timesofmalta Friday, January 25, 2019 2:49:00 PM EAT

Kenneth Farrugia says : “We will not play the vulture game when it comes to Brexit,” External link

timesofmalta Sunday, February 19, 2017 12:01:00 PM EAT

Kenneth Farrugia said : “We see ourselves partnering with UK operators to provide solutions to help them sustain their business models; we’re not looking to try and take business away from the UK,” External link

irishexaminer Monday, October 31, 2016 5:22:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
director8.70%EN12/01/201701/12/2017
deputy director2.17%EN12/01/201701/12/2017
chairman47.83%EN11/23/201723/11/2017
general2.17%EN02/14/201714/02/2017
new director2.17%EN02/13/201713/02/2017
chief2.17%EN12/31/201631/12/2016
chief business development officer2.17%MT12/30/201630/12/2016
chairman of finance23.91%EN11/27/201627/11/2016
officer2.17%EN08/28/201628/08/2016
chief business development officer2.17%EN07/16/201616/07/2016
chairman of the malta2.17%EN06/16/201616/06/2016
representative2.17%EN03/18/201418/03/2014
Names Lang Count
Kenneth FarrugiaEN94.44%
Kenneth FarrugiaMT5.56%


 
Show/hide duplicate news articles.
<<10<12345678910>>>10
 
Show/hide duplicate news articles.
<<10<12345678910>>>10

Tools

Load latest edition

Sunday, September 26, 2021

7:13:00 AM EAT

Languages Collapse menu...Expand menu...

Select your languages

af
am
ar
de
en
es
fr
ha
pt
rw
sw
all
Show additional languagesHide additional languages

Interface:

Legend Collapse menu...Expand menu...


Quotes... Explore Relations


EMM Visual Explorer


AfricaBrief

Kenneth Farrugia

Last updated on 2014-04-20T03:56+0300.

About this image

sign

Quotes... Extracted quotes from

Kenneth Farrugia noted : “It’s not just that the UK is losing its greatest trade partner, but the EU is losing the most developed financial centre and the fifth largest economy from all EU member states,” External link

timesofmalta Saturday, April 24, 2021 9:19:00 AM EAT

Kenneth Farrugia said : “The BOV HomeEnergy Loan will enable your home to have a significantly smaller carbon footprint while the improvements will reduce your energy consumption and help you save on electricity bills,” External link

timesofmalta Monday, April 19, 2021 7:49:00 PM EAT

Kenneth Farrugia declared : “Indeed, engineering is an important professional discipline, allowing society to live comfortably through the deployment of technology and innovation. Undoubtedly, it is one of the key professions that unleashes the spirit of innovation,” External link

timesofmalta Sunday, March 28, 2021 12:38:00 PM EAT

Kenneth Farrugia concluded : “This is very much in line with Bank of Valletta’s ESG commitment towards inclusive and equitable quality education; promoting lifelong learning opportunities and, at the same time, strengthening business alliances with professional organisations such as the Chamber of Engineers,” External link

timesofmalta Sunday, March 28, 2021 12:38:00 PM EAT

Kenneth Farrugia stated : “This means that for the first three years, customers will effectively be paying only a 0.5 per cent interest rate per annum on this loan. We have also waived all processing fees and customers do not need any upfront contribution or collateral,” External link

timesofmalta Monday, January 25, 2021 2:42:00 PM EAT

Kenneth Farrugia said : "I have been given different instructions" External link

MaltaIndipendent Friday, January 31, 2020 6:47:00 PM EAT

Kenneth Farrugia said : "FinanceMalta has contributed significantly to the growth and importance of financial services to Malta's wider economy. We have experienced growth in every sector be it funds and asset management, insurance as well as wealth management. We have consolidated our initiatives in core markets, extended FinanceMalta's reach to new jurisdictions, and also carried Malta's proposition in new sectors such as blockchain and FinTech. In this respect I must thank all governors who over the years contributed tirelessly to face the challenges of a young jurisdiction, and the members for their unwavering support throughout the years, as well as management and staff for their contribution to ensure Malta is a jurisdiction of repute in financial services. I wish Mr Psaila every success in his new role, and he knows that he has my full support on the Board" External link

MaltaIndipendent Friday, November 22, 2019 4:47:00 PM EAT

Kenneth Farrugia said : “The FIAU cannot publish penalties levied against practitioners pending the outcome of the appeal process but the agency has proposed legal changes to this effect, which we hope will make our sanctioning more effective,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia said : “In this way, we will adopt a new risk-based supervisory approach that will see entities deemed to be of higher risk being examined once every 18 months,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia added : “The FIAU values the independent and technical Moneyval assessment We appreciate the positive outcomes of this report and take heed of all recommendations,” External link

MaltaToday Friday, September 13, 2019 3:44:00 PM EAT

Kenneth Farrugia said : "We are very pleased to have yet another financial instrument listed on the Malta Stock Exchange" "We are very proud to be able to say that Bank of Valletta has consolidated itself as a solid and rewarding investment over the years, and the prompt take up of the offer confirms that the investing public firmly believes in the strength and success of the BOV Group" External link

investineu Thursday, July 18, 2019 2:18:00 PM EAT

Kenneth Farrugia said : “The broad number of topics that this conference has addressed are in effect a reflection of the sheer diversity of the financial services industry in Malta,” “With all these important topics in mind, we have invited a strong line up of high-calibre speakers comprising distinguished subject matter experts from the regulatory authorities and market players alike. All under one roof, the speakers and panel members have discussed the challenges and opportunities that both regulations and financial technology are inducing on the industry’s traditional business and operational models,” External link

timesofmalta Saturday, June 8, 2019 7:37:00 AM EAT

Kenneth Farrugia said : "During this year's conference we will be discussing the challenges and opportunities that the domestic and global financial services sector is going through in view of the ongoing technological advancements and innovation. The conference is timely and relevant at a time when AI and Blockchain technologies are starting to transform, if not disrupt, payment systems, core banking activities, portfolio and asset management and the insurance industry. FinTech and RegTech are becoming buzzwords" External link

MaltaIndipendent Friday, June 7, 2019 5:31:00 PM EAT

Kenneth Farrugia said : “We’re not there yet, there’s room for improvement,” External link

MaltaToday Thursday, June 6, 2019 7:26:00 PM EAT

Kenneth Farrugia said : “During this year’s conference we will be discussing the challenges and opportunities that the domestic and global financial services sector is going through in view of the ongoing technological advancements and innovation. The conference is timely and relevant at a time when AI and blockchain technologies are starting to transform, if not disrupt, payment systems, core banking activities, portfolio and asset management and the insurance industry. Fintech and Regtech are becoming buzzwords” External link

timesofmalta Friday, May 31, 2019 9:54:00 AM EAT

Kenneth Farrugia said : “BOV can assist businesses in structuring their finance plan using Malta and EU funds and leveraging on the bank’s EU funding intelligence through its office in Brussels,” External link

timesofmalta Thursday, May 9, 2019 8:45:00 AM EAT

Kenneth Farrugia stated : “Within this context, the banking sector will need to be supported with bespoke and comprehensive regulatory and legislative frameworks to mitigate the risks that these new technologies inevitably bring along, particularly mindful of the regulatory focus on sustainability and stability of the banking sector, as well as related AML concerns,” “The industry has become an important economic enabler by way of its contribution to the country’s GDP, which has more than doubled in the last few years, and brought about the creation of highly remunerated employment opportunities. Consequently, it is imperative to protect the integrity and reputation of this industry as this will sustain its growth thrusts going forward” External link

investineu Monday, April 1, 2019 2:45:00 PM EAT

Kenneth Farrugia said : “We are constantly making sure that the industry is up-to-date with all the latest advancements in fintech, including the challenges. One of these challenges is AML compliance obligations, which today remains high on the agenda in any discussion on financial services” External link

timesofmalta Saturday, March 23, 2019 9:15:00 AM EAT

Kenneth Farrugia said : “cyber attacks are traditionally after either illegitimate money transfer or data or both. Evidently, the motivation behind this cyber attack indicated that money was the key motivator” External link

MaltaIndipendent Friday, February 15, 2019 5:19:00 PM EAT

Kenneth Farrugia insisted : “one needs to point out that the bank decided to shut down the whole system for security reasons, not because the whole bank system was under a cyber attack. It was only a small part of the system that was hacked but the bank decided to shut down the rest of its operations. Precaution was needed and that is why we switched everything off. This caused disruption but we are happy that we managed to come back in operation after a few hours. After we switched off our systems we made sure that the customers’ service centre was given more resources so as to deal with queries that our clients had” External link

MaltaIndipendent Friday, February 15, 2019 5:19:00 PM EAT

Kenneth Farrugia said : “It’s not simply a matter of asking the banks for the money to be reversed. It does not work like that and there are banking procedures that have to be implemented,” External link

timesofmalta Friday, February 15, 2019 10:03:00 AM EAT

Kenneth Farrugia says : “We only started switching on our systems when our IT and security people gave us the go ahead that they were safe to do so,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “We did not want to run the risk of having the malware being dormant in some other system and thus the measure was intended to protect customers,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “It is not uncommon in these types of hacks to have an initial wave of attacks serve as a diversionary tactic. We wanted to avoid a situation like this, which is when we switched off everything until all verifications were performed,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia explains : “The security measures around our IT system are continuously being updated and have repelled many such attacks. This was a malware unseen before. These things do happen. What is important is the manner by which we reacted. The problem was identified immediately and swift action taken to stop further damage. We roped in the police immediately and took action to isolate the incident, in the process safeguarding customer deposits. Our response was such to ensure the bank was safely up and running in less than 24 hours,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia says : “We were speaking to branch managers on contingency plans to serve customers just the same but our IT people gave us the go-ahead to start switching on the electronic platforms,” External link

MaltaToday Thursday, February 14, 2019 9:34:00 PM EAT

Kenneth Farrugia said : “The aim of our participation in this high-profile event is twofold. On one hand to network with leading UK and international stakeholders and on the other hand to promote Malta as a financial services centre of international repute” External link

timesofmalta Saturday, February 9, 2019 8:58:00 AM EAT

Kenneth Farrugia said : “We were delighted to be in London last month showcasing Malta’s many successes in 2018 and the promising initiatives ahead,” “It was great to engage with the UK’s financial journalists and to tell them more about our 2019 plans. It is an exciting time for Malta, and I look forward to future progress and innovation” External link

timesofmalta Tuesday, February 5, 2019 10:57:00 AM EAT

Kenneth Farrugia said ( about The UK ) : “The UK could, once it is out of the EU, negotiate its own free trade agreements but, so far, none have been formalised and it is still not clear what will happen,” External link

timesofmalta Friday, January 25, 2019 2:49:00 PM EAT

Kenneth Farrugia says : “We will not play the vulture game when it comes to Brexit,” External link

timesofmalta Sunday, February 19, 2017 12:01:00 PM EAT

Kenneth Farrugia said : “We see ourselves partnering with UK operators to provide solutions to help them sustain their business models; we’re not looking to try and take business away from the UK,” External link

irishexaminer Monday, October 31, 2016 5:22:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
director8.70%EN12/01/201701/12/2017
deputy director2.17%EN12/01/201701/12/2017
chairman47.83%EN11/23/201723/11/2017
general2.17%EN02/14/201714/02/2017
new director2.17%EN02/13/201713/02/2017
chief2.17%EN12/31/201631/12/2016
chief business development officer2.17%MT12/30/201630/12/2016
chairman of finance23.91%EN11/27/201627/11/2016
officer2.17%EN08/28/201628/08/2016
chief business development officer2.17%EN07/16/201616/07/2016
chairman of the malta2.17%EN06/16/201616/06/2016
representative2.17%EN03/18/201418/03/2014
Names Lang Count
Kenneth FarrugiaEN94.44%
Kenneth FarrugiaMT5.56%


<<10<12345678910>>>10
<<10<12345678910>>>10

Tools

Load latest edition

Sunday, September 26, 2021

7:13:00 AM EAT


Quotes... Explore Relations


EMM Visual Explorer