Mr Bonello Oliver

Biography

liver Bonello was appointed Deputy Governor of the Central Bank of Malta on 1 July 2017. Prior to his appointment he held the post of Chief Officer Financial Stability and Statistics Division of the Bank. He is a Fellow of the Malta Institute of Accountants holding a CPA warrant and a Practising Certificate in Auditing. He joined the Bank in 1976 and held several senior managerial roles and responsibilities in different areas of the Bank. In his executive role he was instrumental in the establishment of the Banking Supervision Department within the Central Bank of Malta in 1991. Subsequently, he was Head of Internal Audit and Risk Assessment, Director responsible for the Bank’s Financial Stability and Information Systems, and Chief Officer - Risk responsible for the Financial Stability and Risk Division within the Bank. He was directly involved in the drafting and issuance of various microprudential and macroprudential policy documents and guidance notes relating to regulation and supervision, internal audit and risk assessment. Mr Bonello also acted as vice-chair on the European Council Ad Hoc Working Party on the Strengthening of the Banking Union during the Maltese Presidency of the European Union in the first half of 2017. Over the years, he chaired or participated in various committees and working groups both locally and abroad. He was also a member of the Compensation Schemes Management Committee. He is chairman of the Bank’s Statistics Committee, Risk Committee, Financial Stability Forum, and the Domestic Standing Committee. He is a member of the Bank’s Financial Stability Committee and the Joint Financial Stability Board. Mr Bonello also participated in various committees and working groups within the European Central Bank (ECB) including the European System of Central Banks (ESCB) Internal Auditors Committee; the ESCB Eurosystem IT Steering Committee; the ECB SSM Financial Stability Committee and the European Systemic Risk Board (ESRB) Advisory Technical Committee. Mr Bonello is a member on the Board of Supervisors of the European Banking Authority and Supervisory Board of the ECB.

Research Interest

Business