Malta financial regulator Malta Financial Services Authority (MFSA) has announced that its CEO, Joseph (Joe) Gavin, will resume his role with effect from 28 July 2022.

The MFSA said it would like to thank its Chief Officer Enforcement, Dr. Michelle Mizzi Buontempo, for taking up the role of Acting CEO in Mr. Gavin’s absence.

In mid June the MFSA announced that Joe Gavin was “indisposed,” without providing a specific reason. The regulator, which oversees a number of FX and CFD brokers, said at the time that its Board of Governors has appointed Dr Buontempo as Acting CEO in Mr. Gavin’s absence.

Joe Gavin was named MFSA CEO in September 2021, following a scandal at the MFSA that led to the ouster of the regulator’s previous CEO, Joseph Cuschieri. Mr. Cuschieri resigned in November 2020 after reports surfaced in the country that he and MFSA general counsel Edwina Licari had gone on an all-expenses-paid trip to Las Vegas with Maltese businessman and casino owner Yorgen Fenech in May 2018. Mr. Gavin was General Counsel at the Central Bank of Ireland between 2009 and 2015.