Joseph Muscat gave blessing for ex-MFSA CEO to continue taki

Joseph Muscat gave blessing for ex-MFSA CEO to continue taking 'extra pay'


Former Prime Minister Joseph Muscat gave his blessing for then MFSA CEO Joe Cuschieri to continue drawing an additional pay packet from the regulatory authority, a parliamentary committee heard on Tuesday. 
Apart from his pay as CEO, which was over €100,000, Cuschieri also requested to be paid for his role as an ex-officio member of the MFSA’s board. 
In a parliamentary hearing before the public appointments committee on Tuesday, MFSA chairman John Mamo said he had sought advice from Muscat after an internal audit committee at the financial regulator flagged how Cuschieri was drawing this extra pay over and above his remuneration as CEO. 

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