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

International Monetary Fund

No 2009/168, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; supervision; computerization project; cooperative; process CCIs; term Cooperative Credit Institution; licensing regime; ASDCS's staff; ASDCS to the CCIs; Basel Core Principles; Operational risk; Cooperative banks; Capital adequacy requirements; Internal controls (search for similar items in EconPapers)
Pages: 18
Date: 2009-06-01
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