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 …

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 …

effectiveness of Cyprus’s banking regulatory and supervisory framework in place, and the resulting high degree of compliance with …