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The economy of Cyprus was barely affected by the U.S. subprime mortgage debacle. The economic crisis in Cyprus was initially driven by fiscal mismanagement and subsequently by the failure of the government and its regulatory branches to monitor the imprudent behavior and risky investment actions...
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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...
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This technical note presents Cyprus’s Financial Sector Assessment Program Update. The authority has worked to enhance the quality of supervision, inter alia in the organizational area, upgrading the number of staff and staff expertise, and planning to intensify onsite supervision. A single...
Persistent link: https://www.econbiz.de/10014406662
The Compliance of the Basel Core Principles welcomes the assessors’ recognition of the overall quality and effectiveness of Cyprus’s banking regulatory and supervisory framework in place, and the resulting high degree of compliance with the Basel Core Principles. Regulation has to be defined...
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The report summarizes the assessment of Financial Sector Supervision and Regulation on Reports on the Observance of Standards and Codes (ROSC) on banking supervision, insurance supervision, and securities regulation of Cyprus. The report assesses that the financial system in Cyprus is in a...
Persistent link: https://www.econbiz.de/10014405410
International Experience -- PART II: International experience in dealing with private sector insolvency. Challenges, remedial … private sector insolvency in Greece: legal aspects & institutional perspectives -- Chapter 14: Existing corporate & household … insolvency frameworks: characteristics, weaknesses and necessary reforms -- Chapter 15: Financial inclusion: an overview of its …
Persistent link: https://www.econbiz.de/10012397188