Financial supervision in the Republic of Cyprus: the case for reform

Abstract

Purpose

Aims to examine the current financial scenario in Cyprus and to suggest medium‐term reforms to the institutional set‐up of Cypriot financial supervision.

Design/methodology/approach

Details the different sectors in Cyprus's financial set‐up and suggests measures necessary for remedial reform.

Findings

The suggested reforms should considerably enhance the consistency and extend the viability of the Cypriot financial supervision system without unduly upsetting its hitherto institutional balance or introducing unnecessary complications to its contemporary arrangements.

Originality/value

This represents a starting‐point for Cypriot financial reform, which has up to press been only marginally considered.

Citation

Athanassiou, P. (2006), "Financial supervision in the Republic of Cyprus: the case for reform", Journal of Financial Regulation and Compliance, Vol. 14 No. 1, pp. 57-69. https://doi.org/10.1108/13581980610644761