The Maltese Financial Services Authority has announced the appointment of David Eacott, who has had a 22-year career at the Bank of England, as its head of banking supervision.

Eacott has plenty of experience of setting up strategies for the overseeing of financial services and of improving audit functions, David’s appointment strengthens the MFSA’s management and supervisory team and demonstrates a clear commitment to identifying and addressing risks.

The MFSA is also taking on two additional senior managers from London. Anthony Eddington is taking on the job of head of financial crime compliance. He was previously the regional head of AFC advisory for UK markets at Deutsche Bank. Emily Benson is the new head of conduct. She is taking over from Michelle Buontempo, who has been promoted to the post of chief enforcement officer. Benson was previously a consultant solicitor at Keystone Law and, before that, she worked as the head of financial services regulation at law firm TLT. She has also worked in wholesale enforcement at the British Financial Services Authority, the precursor organisation to the current Financial Conduct Authority.

Meanwhile, the MFSA has established a new 'duly diligent' function that only monitors people who work in financial services.