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

Abstract

PurposeAims 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/approachDetails the different sectors in Cyprus's financial set‐up and suggests measures necessary for remedial reform.FindingsThe 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/valueThis represents a starting‐point for Cypriot financial reform, which has up to press been only marginally considered.

The impact of corporate fairness on the bank‐SME relationship

“…The integration of financial supervision as a means of covering more areas with a higher degree of complexity stresses the need for more information (Jobst, 2007;Athanassiou, 2006). One of the goals in the regulation and supervision of financial markets is to enhance trust in financial institutions and in the financial system (Masciandro et al, 2007;Grunbichler and Darlap, 2003;Hasan and Severiens, 2001).…”

“…Although mostly directed towards consumers, it can be argued that financial regulation is becoming both more international and more general in applying broad principles rather than strict regulations (Edwards and Wolfe, 2005;Masciandro, 2004). The integration of financial supervision as a means of covering more areas with a higher degree of complexity stresses the need for more information (Jobst, 2007;Athanassiou, 2006). One of the goals in the regulation and supervision of financial markets is to enhance trust in financial institutions and in the financial system (Masciandro et al, 2007;Grunbichler and Darlap, 2003;Hasan and Severiens, 2001).…”

"Regional Economic Integration And National Financial Supervision. A Comparative Study "

“…Prohaska (2006) sustains the introduction of a single supervising institution for the entire Croatian financial system, under the circumstances of a more sophisticated financial market, and following supervision consolidation. Moreover, Athanassiou (2006) argues that in Cyprus an integrated approach of the financial system supervision is required.…”