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Economic conditions have stabilized, and the economy is projected to bottom out in 2010, giving way to a mild recovery in 2011 followed by stronger growth. The foremost policy challenge is to achieve the official fiscal consolidation targets so as to put debt ratios on a declining path and...
Persistent link: https://www.econbiz.de/10014402592
The financial sector is mostly comprised of the banking sector, which largely provides insurance and asset management services. A large part of banking system assets relates to subsidiaries and branches of foreign banks. The banking sector poses risks by virtue of its size and concentration. The...
Persistent link: https://www.econbiz.de/10014403548
This 2002 Article IV Consultation highlights that after four years of strong growth, economic activity in Cyprus has …
Persistent link: https://www.econbiz.de/10014406549
This technical note examines Cyprus’s factual update on the Basel Core Principles for Effective Banking Supervision for … Cyprus. The 2006 directive on corporate governance provides that each commercial credit institution should have a robust … internal governance framework. Although the level of activities of banks in Cyprus that can generate market risk remains low …
Persistent link: https://www.econbiz.de/10014406661
This technical note presents Cyprus’s Financial Sector Assessment Program Update. The authority has worked to enhance … planning to intensify onsite supervision. A single supervisor for all banks operating in Cyprus could enhance the effectiveness …
Persistent link: https://www.econbiz.de/10014406662
This paper examines the Insurance Regulation and Supervision for Cyprus’s Financial Sector Assessment Program. The …
Persistent link: https://www.econbiz.de/10014406663
This 2009 Article IV Consultation highlights that despite its resilience so far, the economy of Cyprus is slowing down …
Persistent link: https://www.econbiz.de/10014406690
This paper discusses key findings of the Financial System Stability Assessment on Cyprus. The assessment reveals that … the banking system of Cyprus has managed to avoid the worst effects of the global financial crisis, but stress tests …
Persistent link: https://www.econbiz.de/10014406713
This Report on the Observance of Standards and Codes (ROSC) examines Fiscal Transparency for Cyprus. The report reveals … that Cyprus has been making major progress in improving fiscal transparency, helped by the government’s efforts to …
Persistent link: https://www.econbiz.de/10014406751
Anti-Money Laundering and Combating the Financing of Terrorism for Cyprus. The report highlights that the Cypriot …-financial businesses and professions to money laundering. The Cyprus FIU (MOKAS) and the Central Bank of Cyprus have been particularly …
Persistent link: https://www.econbiz.de/10014406874