European Parliament Library

Cyprus :, Financial Sector Assessment Program Update: Technical Note: Factual Update on Basel Core Principles for Effective Banking Supervision: ASDCS

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 supervisor for all banks operating in Cyprus could enhance the effectiveness and efficiency of supervision and could support the creation of a level playing for all banks
Table Of Contents
Cover; Contents; Glossary; I. Introduction; II. Overview Supervisory Scope; III. BCP Factual Update; A. Objectives, independence, powers, transparency and cooperation (Principle 1); B. Licensing and Structure (Principles 2-5); C. Progress on Recommended Actions From 2005 Assessment; D. Prudential Regulation and Requirements (CPs 6-15); E. Progress on Recommended Actions From the 2005 Assessment; F. Methods of On-going Supervision (CPs 16-20); G. Progress on Recommended Actions From 2005 Assessment; H. Formal Powers of Supervisors (CP 22); I. Cross-Border Banking (CPs 23-25)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (19 p.)
Specific Material Designation
Form Of Item

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