People: Malta gets second deputy; Lautenschläger aces European Parliament test


Malta: The Central Bank of Malta has appointed Alexander Demarco as deputy governor responsible for financial stability – the first such appointment in the central bank's history.

Demarco will serve a five-year term, and his appointment has been backdated to January 1. He was previously the head of the financial stability department, but has held a variety of positions since joining the central bank in 1984 as an economist.

The government revised the Central Bank of Malta Act last year to

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