Quite some time ago, the Malta Financial Services Authority concluded its “investigations” into the many concerns expressed at the role and function of the Bank of Valletta in the La Valette Fund fiasco and submitted its report for the bank to respond within a stipulated maximum time frame of 30 days.
This timeline has elapsed and yet the response from the BOV, along with the MFSA’s ultimate conclusions, remain inexplicably elusive to obtain and still unavailable for public dissemination.
Why so?