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Bank holidays

Friday, 15 March 2019

Τhe Central Bank of Cyprus would like to inform the public that all Banks will be closed on the following dates:

Monday, 25 March 2019 - Greek Independence Day

Monday, 1 April 2019 - Cyprus National Day

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  CATEGORY CTA_TEXT EASYURL FEATURED FILENAME ID IMAGE IMAGEHOME IMAGELOGO IMAGESPLASH MENUTITLE NAME PARENTTITLE PARENT_ID PDF PDF_EL PUBLICATION_DT QUERYLEVEL QUICKLINK SHOWCTA SHOWONFOOTER SHOWONHOME SHOWONHOMECAT SHOWORDER SPLASH_TEXT SUMMARY TEXT TITLE TREEINDEX URL WORD WORD_EL XLS XLS_EL YEAR
1 [empty string] [empty string] /en/home 0 [empty string] 1 [empty string] [empty string] [empty string] [empty string] Home home [empty string] 0 [empty string] [empty string] 2003-01-01 12:00:00.0 1 1 0 1 1 0 10 Welcome to the Central Bank Online Home [empty string] [empty string] Home 0 [empty string] [empty string] [empty string] [empty string] [empty string] 2003
2 [empty string] [empty string] /en/terms-of-use/terms-conditions 0 [empty string] 85 [empty string] [empty string] [empty string] [empty string] Terms & Conditions [empty string] Terms of Use 146 [empty string] [empty string] 2017-05-15 14:41:05.0 3 0 0 1 0 0 [empty string] [empty string] [empty string] [empty string] Terms & Conditions 0 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
3 [empty string] [empty string] /en/the-bank 0 [empty string] 7 [empty string] the-bank.jpg [empty string] [empty string] The Bank thebank Home 1 [empty string] [empty string] 2008-06-23 15:16:01.0 2 1 0 0 0 1 0 [empty string] <p style="text-align: justify;">The Central Bank of Cyprus (CBC) was established in 1963, shortly after Cyprus gained its independence, in accordance with the Central Bank of Cyprus Law, 1963 and the relevant articles of the Constitution. Today the CBC is governed by the Central Bank of Cyprus Law, 2002 as amended (hereafter “the CBC Law”).</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> The Bank 2 [empty string] [empty string] [empty string] [empty string] [empty string] 2008
4 [empty string] [empty string] /en/the-governor 0 [empty string] 86 [empty string] [empty string] [empty string] [empty string] The Governor [empty string] Home 1 [empty string] [empty string] 2017-05-15 16:34:26.0 2 1 0 0 0 0 0 [empty string] [empty string] [empty string] The Governor 3 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
5 [empty string] [empty string] /en/calendar-of-central-bank-of-cyprus-officials 0 [empty string] 7243 [empty string] [empty string] [empty string] [empty string] Calendar of CBC Officials [empty string] Home 1 [empty string] [empty string] 2019-05-16 12:04:28.0 2 1 0 0 0 0 780 [empty string] [empty string] [empty string] Calendar of CBC Officials 4 [empty string] [empty string] [empty string] [empty string] [empty string] 2019
6 [empty string] [empty string] /en/monetary-policy 0 [empty string] 4449 [empty string] [empty string] [empty string] [empty string] Monetary Policy [empty string] Home 1 [empty string] [empty string] 2017-05-31 14:43:17.0 2 1 0 0 0 0 240 [empty string] [empty string] <p style="text-align: justify;">Cyprus joined the euro area on 1 January 2008 and as a result the setting of interest rates is now the responsibility of the European Central Bank (ECB).&nbsp; The primary objective of the ECB is to ensure price stability, which means keeping inflation rates below, but close to, 2%.</p> Monetary Policy 8 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
7 [empty string] [empty string] /en/licensing-supervision 0 [empty string] 82 [empty string] [empty string] [empty string] [empty string] Licensing & Supervision [empty string] Home 1 [empty string] [empty string] 2017-05-15 11:22:10.0 2 1 0 0 0 0 0 [empty string] [empty string] [empty string] Licensing & Supervision 10 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
8 [empty string] [empty string] /en/financial-stability 0 [empty string] 87 [empty string] [empty string] [empty string] [empty string] Financial Stability [empty string] Home 1 [empty string] [empty string] 2017-05-15 16:36:45.0 2 1 0 0 0 0 0 [empty string] [empty string] [empty string] Financial Stability 12 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
9 [empty string] [empty string] /en/administrative-sanctions-and-measures 0 [empty string] 8929 [empty string] [empty string] [empty string] [empty string] Administrative Sanctions & Measures [empty string] Home 1 [empty string] [empty string] 2023-07-28 10:00:37.0 2 1 0 0 0 0 70 [empty string] [empty string] [empty string] Administrative Sanctions & Measures 15 [empty string] [empty string] [empty string] [empty string] [empty string] 2023
10 [empty string] [empty string] /en/financial-market-infrastructures-payments 0 [empty string] 7180 [empty string] [empty string] [empty string] [empty string] Financial Market Infrastructures & Payments [empty string] Home 1 [empty string] [empty string] 2019-03-28 08:48:29.0 2 1 0 0 0 0 720 [empty string] [empty string] <p style="text-align: justify;"><strong><span style="color: rgb(0, 102, 255);"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">The role of the Central Bank of Cyprus</span></span></span></span></strong></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">The role of the Central Bank of Cyprus (CBC) in the field of financial market infrastructures (FMIs) and payments is derived from the <a href="http://www.centralbank.cy/images/media/pdf_el/UNOFFICIAL_CONSOLIDATION_CBC_LAWS_2002-2016_EL_20161228.pdf" target="_blank"><span style="color: rgb(0, 102, 255);"><u>Central Bank of Cyprus Laws of 2002, as amended</u></span></a> </span></span></span>(CBC Laws) <span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">(only available in Greek),&nbsp;and is in line with&nbsp;<u><a href="http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:12012E/TXT&amp;from=EN" target="_blank"><span style="color: rgb(0, 102, 204);">the Treaty on the Functioning of the European Union</span></a></u> (Treaty) and <a href="http://www.ecb.europa.eu/ecb/legal/pdf/c_32620121026en_protocol_4.pdf" target="_blank"><span style="color: rgb(0, 102, 255);"><u>the Statute of the European System of Central Banks and of&nbsp;the European Central Bank</u></span></a> (Statute). </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">The CBC has a role in its capacity as:&nbsp; </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">(a)&nbsp; Operator of FMIs;</span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">(b)&nbsp; Oversight Authority; </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">(c)&nbsp; Catalyst for market-led change, and&nbsp;</span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">(d)&nbsp; Banker and representative of the Republic of Cyprus for financial matters.&nbsp; </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><strong><span style="color: rgb(0, 102, 255);"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">The Treaty and the Statute</span></span></span></span></strong></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">One of the basic tasks to be carried out through the European System of Central Banks (ESCB) shall be &lsquo;<em>to promote the smooth operation of payment systems</em>&rsquo; (Article 127(2) of the Treaty, as mirrored in Article 3.1 of the Statute). For performing this task, &lsquo;<em>the ECB and the national central banks may provide facilities, and the ECB may make regulations, to ensure efficient and sound clearing and payments systems within the Union and with other countries</em>&rdquo; (Article 22 of the Statute).&nbsp; </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><strong><span style="color: rgb(0, 102, 255);"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">CBC Laws </span></span></span></span></strong></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">One of the main tasks of the CBC is &lsquo;<em>the promotion, regulation and oversight of the smooth operation of the payment, clearing and/or settlement systems</em>&rsquo; (Article 6(2)(g)). </span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">Article 48 elaborates further and empowers the CBC to: (i) manage, participate in, or become a member of any payment, clearing and/or settlement system, (ii) place under its oversight such systems operating in the Republic of Cyprus, (iii) issue directives regulating the functions and the operating procedure of the systems under its oversight, (iv) suspend the operation of any of those systems, (v) impose administrative fines and (vi) take judicial measures for non-compliance.</span></span></span></p> <p style="margin: 0cm 0cm 6pt; text-align: justify;"><span style="line-height: normal;"><span lang="EN-GB" style="font-size: 12pt;"><span roman="" style="font-family:;">Moreover, the CBC acts as a banker and representative of the Republic of Cyprus for financial matters (Articles 50-51).</span></span></span></p> Financial Market Infrastructures & Payments 20 [empty string] [empty string] [empty string] [empty string] [empty string] 2019
11 [empty string] [empty string] /en/banknotes-and-coins 0 [empty string] 88 [empty string] [empty string] [empty string] [empty string] Banknotes & Coins [empty string] Home 1 [empty string] [empty string] 2017-05-15 16:37:25.0 2 1 0 0 0 0 0 [empty string] [empty string] <p style="text-align: justify;"><span style="">Euro banknotes and coins were put into circulation on 1 January 2002.&nbsp; Today the euro is the national currency of 20&nbsp;of the 27 European Union (EU) member states.&nbsp; These 20&nbsp;countries belong to the Economic and Monetary Union as a result of a European Council decision based on the fulfilment of the convergence criteria (also known as the Maastricht criteria).</span></p> <p style="text-align: justify;"><span style="">These countries, which also form the eurozone, are Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Holland, Portugal, Slovakia, Slovenia and Spain.</span></p> <p style="text-align: justify;"><span style="">The EU member states outside the eurozone are Bulgaria, the Czech Republic, Denmark,&nbsp;Hungary, Poland, Romania and Sweden.&nbsp; Denmark&nbsp;belongs to the Exchange Rate Mechanism II (ERM II) which means that its currency is pegged to the euro.</span></p> <p style="text-align: justify;"><span style="">The euro has also been adopted as legal tender by the small states of Andorra,&nbsp;Monaco, San Marino and the Vatican City.</span></p> <p style="text-align: justify;"><span style=""><u><strong>Banknote research and development - Cooperation opportunities</strong></u></span></p> <p style="text-align: justify;"><span style="">The Eurosystem has a duty to safeguard the integrity and security of its banknotes.&nbsp;Accordingly, the European Central Bank in close collaboration with the National Central Banks that belong to the Eurozone, manages, coordinates and funds a wide variety of research projects being conducted in the public and private sectors.&nbsp; In case you are interested in a joint project to improve our euro banknote, please visit the&nbsp;link below for more details:</span></p> <p style="text-align: justify;"><span style=""><a href="http://www.ecb.europa.eu/euro/banknotes/research/html/index.en.html">https://www/ecb/europa.eu/euro/banknotes/research/html/index.en.html</a></span></p> Banknotes & Coins 21 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
12 [empty string] [empty string] /en/reference-interest-rates 0 [empty string] 5554 [empty string] [empty string] [empty string] [empty string] Reference Interest Rates [empty string] Home 1 [empty string] [empty string] 2017-06-08 14:44:26.0 2 1 0 0 0 0 0 [empty string] [empty string] <style type="text/css">table { background-color: transparent; border: black !important; } </style> <p style="text-align: justify;">The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, as subsequently amended, and in accordance with the provisions of the said article, determines the reference interest rates.</p> <p style="text-align: justify;">The reference interest rate is determined on a quarterly basis.</p> <p style="text-align: justify;">According to the aforementioned article, it constitutes an illegal act when a person reaps, receives, collects, or charges, for his interest or on behalf of a third party,&nbsp;economic or property benefits, in excess of the reference interest rate, at the point of&nbsp; loan granting, when extending the repayment period, at renewal or prepayment of a loan.&nbsp;</p> <table border="1" cellpadding="0" cellspacing="0" width="470"> <tbody> <tr> <td nowrap="nowrap"> <p align="center"><strong>DATE</strong></p> </td> <td nowrap="nowrap"> <p><strong>%</strong></p> </td> <td nowrap="nowrap"> <p><strong>As published in the Government Gazette</strong></p> </td> </tr> <tr> <td nowrap="nowrap">01.07.2011</td> <td nowrap="nowrap"> <p>12,18</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4503, 1.7.2011, Number 258</td> </tr> <tr> <td nowrap="nowrap">27.10.2011</td> <td nowrap="nowrap"> <p>12,57</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4528, 27.10.2011, Number 454</td> </tr> <tr> <td nowrap="nowrap">27.01.2012</td> <td nowrap="nowrap"> <p>12,45</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4545, 27.1.2012, Number 18</td> </tr> <tr> <td nowrap="nowrap">27.04.2012</td> <td nowrap="nowrap"> <p>12,44</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4564, 27.4.2012, Number 161</td> </tr> <tr> <td nowrap="nowrap">27.07.2012</td> <td nowrap="nowrap"> <p>12,32</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4583, 27.7.2012, Number 285</td> </tr> <tr> <td nowrap="nowrap">09.11.2012</td> <td nowrap="nowrap"> <p>12,67</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4603, 9.11.2012, Number 437</td> </tr> <tr> <td nowrap="nowrap">25.01.2013</td> <td nowrap="nowrap"> <p>12,51</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4622, 25.1.2013, Number 26</td> </tr> <tr> <td nowrap="nowrap">10.05.2013</td> <td nowrap="nowrap"> <p>12,26</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4668, 10.5.2013, Number 152</td> </tr> <tr> <td nowrap="nowrap">25.07.2013</td> <td nowrap="nowrap"> <p>12,41</p> </td> <td nowrap="nowrap">G.G. Part ΙΙΙ(Ι), No. 4699, 25.7.2013, Number 272</td> </tr> <tr> <td nowrap="nowrap">25.10.2013</td> <td nowrap="nowrap">12,49</td> <td nowrap="nowrap">G.G. Part III(I), No. 4726, 25.10.2013, Number 378</td> </tr> <tr> <td nowrap="nowrap">31.01.2014</td> <td nowrap="nowrap">12,06</td> <td nowrap="nowrap">G.G. Part III(I), No. 4755, 31.01.2014, Number 34</td> </tr> <tr> <td nowrap="nowrap">02.05.2014</td> <td nowrap="nowrap">11,81</td> <td nowrap="nowrap">G.G. Part III(I), No. 4777, 02.05.2014, Number 221</td> </tr> <tr> <td nowrap="nowrap">11.07.2014</td> <td nowrap="nowrap">11,31</td> <td nowrap="nowrap">G.G. Part III(I), No. 4797, 11.07.2014, Number 330</td> </tr> <tr> <td nowrap="nowrap">31.10.2014</td> <td nowrap="nowrap">11,08</td> <td nowrap="nowrap">G.G. Part III(I), No. 4828, 31.10.2014, Number 485</td> </tr> <tr> <td nowrap="nowrap">30.01.2015</td> <td nowrap="nowrap">10,72</td> <td nowrap="nowrap">G.G. Part III(I), No. 4848, 30.01.2015, Number 30</td> </tr> <tr> <td nowrap="nowrap">24.04.2015</td> <td nowrap="nowrap">10,44</td> <td nowrap="nowrap">G.G. Part III(I), No. 4865, 24.04.2015, Number 136</td> </tr> <tr> <td nowrap="nowrap">31.07.2015</td> <td nowrap="nowrap">9,56</td> <td nowrap="nowrap">G.G. Part III(I), No.&nbsp;4885, 31.07.2015, Number 266</td> </tr> <tr> <td nowrap="nowrap">30.10.2015</td> <td nowrap="nowrap">10,10</td> <td nowrap="nowrap">G.G. Part III(I), No.&nbsp;4902, 30.10.2015, Number 360</td> </tr> <tr> <td nowrap="nowrap">29.01.2016</td> <td nowrap="nowrap">9,80</td> <td nowrap="nowrap"> <p>G.G. Part III(I), No.&nbsp;4921, 29.01.2016, Number 17</p> </td> </tr> <tr> <td nowrap="nowrap">28.04.2016</td> <td nowrap="nowrap">&nbsp;9,96&nbsp;</td> <td nowrap="nowrap">G.G. Part III(I), No. 4943, 28.04.2016, Number 139</td> </tr> <tr> <td nowrap="nowrap">29.07.2016</td> <td nowrap="nowrap">9,88</td> <td nowrap="nowrap">G.G. Part III(I), No. 4957, 29.07.2016, Number 224</td> </tr> <tr> <td nowrap="nowrap">27.10.2016</td> <td nowrap="nowrap">9,77</td> <td nowrap="nowrap">G.G. Part III(I), No. 4971, 27.10.2016, Number 301</td> </tr> <tr> <td nowrap="nowrap">27.01.2017</td> <td nowrap="nowrap">9,42</td> <td nowrap="nowrap">G.G. Part III(I), No. 4993, 27.01.2017, Number 32</td> </tr> <tr> <td nowrap="nowrap">28.04.2017</td> <td nowrap="nowrap">9,12</td> <td nowrap="nowrap">G.G. Part III(I), No. 5010, 28.04.2017, Number 136</td> </tr> <tr> <td nowrap="nowrap">28.07.2017</td> <td nowrap="nowrap">9,47</td> <td nowrap="nowrap">G.G. Part III(I), No. 5031, 28.07.2017, Number 249</td> </tr> <tr> <td nowrap="nowrap">27.10.2017</td> <td nowrap="nowrap">9,92</td> <td nowrap="nowrap">G.G. Part III(I), No. 5045, 27.10.2017, Number 349</td> </tr> <tr> <td nowrap="nowrap">26.01.2018</td> <td nowrap="nowrap">9,23</td> <td nowrap="nowrap"> <p>G.G. Part III(I), No. 5064, 26.01.2018, Number 31</p> </td> </tr> <tr> <td nowrap="nowrap">27.04.2018</td> <td nowrap="nowrap">9,78</td> <td nowrap="nowrap">G.G. Part III(I), No. 5084, 27.04.2018, Number 108</td> </tr> <tr> <td nowrap="nowrap">27.07.2018</td> <td nowrap="nowrap">9,43</td> <td nowrap="nowrap">G.G. Part III(I), No. 5103, 27.07.2018, Number 231</td> </tr> <tr> <td nowrap="nowrap">26.10.2018</td> <td nowrap="nowrap">9,63</td> <td nowrap="nowrap">G.G. Part III(I), No. 5117, 26.10.2018, Number 309</td> </tr> <tr> <td nowrap="nowrap">25.01.2019</td> <td nowrap="nowrap">8,96</td> <td nowrap="nowrap">G.G. Part III(I), No. 5135, 25.01.2019, Number 22</td> </tr> <tr> <td nowrap="nowrap">25.04.2019</td> <td nowrap="nowrap">8,82</td> <td nowrap="nowrap">G.G. Part III(I), No. 5156, 25.04.2019, Number 144</td> </tr> <tr> <td nowrap="nowrap">26.07.2019</td> <td nowrap="nowrap">8,50</td> <td nowrap="nowrap">G.G. Part III(I), No. 5174, 26.07.2019, Number 261</td> </tr> <tr> <td nowrap="nowrap">25.10.2019</td> <td nowrap="nowrap">8,63</td> <td nowrap="nowrap">G.G. Part III(I), No. 5189, 25.10.2019, Number 343</td> </tr> <tr> <td nowrap="nowrap">31.01.2020</td> <td nowrap="nowrap">8,62</td> <td nowrap="nowrap">G.G. Part III(I), No. 5204, 31.01.2020, Number 32</td> </tr> <tr> <td nowrap="nowrap">24.04.2020</td> <td nowrap="nowrap">8,71</td> <td nowrap="nowrap">G.G. Part III(I), No. 5252, 24.04.2020, Number 174</td> </tr> <tr> <td nowrap="nowrap">31.07.2020</td> <td nowrap="nowrap">8,76</td> <td nowrap="nowrap">G.G. Part III(I), No. 5329, 31.07.2020, Number 335</td> </tr> <tr> <td nowrap="nowrap">30.10.2020</td> <td nowrap="nowrap">8,74</td> <td nowrap="nowrap">G.G. Part III(I), No. 5385, 30.10.2020, Number 507</td> </tr> <tr> <td nowrap="nowrap">29.01.2021</td> <td nowrap="nowrap">8,60</td> <td nowrap="nowrap">G.G. Part III(I), No. 5454, 29.01.2021, Number 46</td> </tr> <tr> <td nowrap="nowrap">29.04.2021</td> <td nowrap="nowrap">8,82</td> <td nowrap="nowrap">G.G. Part III(I), No. 5517, 29.04.2021, Number 184</td> </tr> <tr> <td nowrap="nowrap">30.07.2021</td> <td nowrap="nowrap">8,59</td> <td nowrap="nowrap">G.G. Part III(I), No. 5578, 30.07.2021, Number 341</td> </tr> <tr> <td nowrap="nowrap">29.10.2021</td> <td nowrap="nowrap">8,69</td> <td nowrap="nowrap">G.G. Part III(I), No. 5622, 29.10.2021, Number 437</td> </tr> <tr> <td nowrap="nowrap">28.01.2022</td> <td nowrap="nowrap">8,89</td> <td nowrap="nowrap">G.G. Part III(I), No. 5659, 28.01.2022, Number 46</td> </tr> <tr> <td nowrap="nowrap">29.04.2022</td> <td nowrap="nowrap">9,10</td> <td nowrap="nowrap">G.G. Part III(I), No. 5694, 29.04.2022, Number 175</td> </tr> <tr> <td nowrap="nowrap">29.07.2022</td> <td nowrap="nowrap">8,93</td> <td nowrap="nowrap">G.G. Part III(I), No. 5727, 29.07.2022, Number 309</td> </tr> <tr> <td nowrap="nowrap">27.10.2022</td> <td nowrap="nowrap">9,40</td> <td nowrap="nowrap">G.G. Part III(I), No. 5748, 27.10.2022, Number 404</td> </tr> <tr> <td nowrap="nowrap">27.01.2023</td> <td nowrap="nowrap">10,05</td> <td nowrap="nowrap">G.G. Part III(I). No. 5772, 27.01.2023, Number 17</td> </tr> <tr> <td nowrap="nowrap">28.04.2023</td> <td nowrap="nowrap">10,94</td> <td nowrap="nowrap">G.G. Part III(I), No. 5795, 28.04.2023, Number 129</td> </tr> <tr> <td nowrap="nowrap">28.07.2023</td> <td nowrap="nowrap">10,38</td> <td nowrap="nowrap">G.G. Part III(I), No. 5813, 28.07.2023, Number 238</td> </tr> <tr> <td nowrap="nowrap">27.10.2023</td> <td nowrap="nowrap">11,52</td> <td nowrap="nowrap">G.G. Part III(I), No. 5831, 27.10.2023, Number 334</td> </tr> <tr> <td nowrap="nowrap">26.01.2024</td> <td nowrap="nowrap">11,46</td> <td nowrap="nowrap">G.G. Part III(I), No. 5850, 26.01.2024, Number 22</td> </tr> </tbody> </table> Reference Interest Rates 24 [empty string] [empty string] [empty string] [empty string] [empty string] 2017
13 [empty string] [empty string] /en/independent-commission-on-the-future-of-the-cyprus-banking-sector 0 [empty string] 4391 [empty string] [empty string] [empty string] [empty string] Independent Commission on the Future of the Cyprus Banking Sector [empty string] Home 1 [empty string] [empty string] 2013-03-04 12:46:49.0 2 1 0 0 0 0 0 [empty string] [empty string] <p style="text-align: justify;">The Central Bank of Cyprus (CBC) had appointed an Independent Commission on the Future of the Cyprus Banking Sector. The Commission consisted of independent experts, with the mandate to explore the issues facing the Cyprus banking system, and make recommendations to the CBC on ways to enhance the growth, stability and competitiveness of the system in order to benefit the Cyprus economy in the longer term.</p> <p style="text-align: justify;">The Commission focused on the following issues:</p> <p style="text-align: justify;">(1) the size and structure of the sector;</p> <p style="text-align: justify;">(2) the strengthening of prudential regulation and supervision; and</p> <p style="text-align: justify;">(3) the promotion of competition for the benefit of consumers and businesses.</p> <p style="text-align: justify;">In carrying out its work, the Commission took account of the recent banking problems in Cyprus, and the measures agreed in the context of the EU financial assistance programme. But its main purpose was forward-looking: to develop proposals that will ensure the long-term growth and stability of this vital component of the Cyprus economy.</p> <p style="text-align: justify;">The Commission began its work in 2012,&nbsp;it produced an interim report in mid-2013, followed by a final report in November.&nbsp;</p> <p style="text-align: justify;">The Commission consisted of the following members:</p> <p style="text-align: justify;"><b><a href="/images/media//word/1._David_Lascelles_CV.doc" target="_blank"><span style="color: rgb(0, 51, 255);">David Lascelles</span></a></b>, Chairman.&nbsp;David Lascelles has been analysing the banking industry for &nbsp;more &nbsp;than 30 years, as Banking Editor of the <i>Financial Times</i> (1980-1995) and more &nbsp;recently &nbsp;as &nbsp;Senior Fellow of the Centre for &nbsp;the Study of Financial &nbsp;Innovation, &nbsp;an independent London think tank sponsored by major banks and&nbsp;public institutions (1995-). David has also been a university lecturer in banking and a bank non-executive director.</p> <p style="text-align: justify;"><b><a href="/images/media/word/2._David_Green_CV.doc" target="_blank"><font color="#0000ff">David Green</font></a></b> is a leading international expert on financial stability matters with over 40 years as a central banker and financial regulator.&nbsp;During his career he has worked in the Bank of England and the Financial Services Authority, and then in the UK&rsquo;s integrated regulator for corporate reporting, the Financial Reporting Council. He has recently been a part-time Adviser to the Central Bank of Ireland.</p> <p style="text-align: justify;"><b><a href="/images/media/word/3._George_Charalambous_CV.doc" target="_blank"><font color="#0000ff">George Charalambous</font></a> </b>is<span> a key figure in the Cyprus financial sector for many years, first as Senior General Manager of the Bank of Cyprus and more recently as Chairman of the Cyprus Securities and Exchange Commission. A graduate of the London School of Economics and the Athens School of Economics, he has also held positions at several other institutions including the CBC and the Cyprus Development Bank.</span></p> <p style="text-align: justify;"><b><a href="/images/media/word/4._Pierre_de_Weck_CV.doc" target="_blank"><font color="#0000ff">Pierre de Weck</font></a> </b>is a Senior Swiss Banker with more than 35 years experience of banking at the international level. During his career he has held senior positions at Citibank, UBS and Deutsche Bank, working in Europe, North America and the Middle East.<span>&nbsp;Most recently he was a member of the Group Executive Committee of Deutsche Bank where he was Global Head of the Private Wealth Management Division with &euro;300bn of client business in 70 countries.</span></p> <p style="text-align: justify;"><br /> <a href="/images/media/pdf/LSE_ICFCBS_TOR_12_08_13.pdf" target="_blank"><font color="#0000ff">Terms of Reference</font></a></p> <p style="text-align: justify;"><br /> <a href="/images/media/pdf/LSE_ICFCBS_INTERIM_REPORT_06_13.pdf" target="_blank"><font color="#0000ff">Interim Report - June 2013</font></a></p> <p style="text-align: justify;"><a href="/images/media/pdf/LSE_ICFCBS_Final_Report_10_13.pdf" target="_blank"><font color="#0000ff">Final Report - October 2013</font></a></p> Independent Commission on the Future of the Cyprus Banking Sector 29 [empty string] [empty string] [empty string] [empty string] [empty string] 2013
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