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Cyprus : financial sector assessment program update : technical note : factual update on Basel core principles for effective banking supervision (Central Bank of Cyprus)

Author: International Monetary Fund. Monetary and Capital Markets Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2009.
Series: IMF country report, no. 09/167.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This technical note examines Cyprus's factual update on the Basel Core Principles for Effective Banking Supervision for Cyprus. The 2006 directive on corporate governance provides that each commercial credit institution should have a robust internal governance framework. Although the level of activities of banks in Cyprus that can generate market risk remains low, the Central Bank of Cyprus issued bank guidelines on  Read more...
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Additional Physical Format: Print version:
Cyprus.
Washington, D.C. : International Monetary Fund, ©2009
(OCoLC)421075174
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. Monetary and Capital Markets Department.
OCLC Number: 439926586
Notes: Cover title.
"May 2009."
Description: 1 online resource (16 pages).
Series Title: IMF country report, no. 09/167.
Other Titles: Financial sector assessment program update, Cyprus
Factual update on Basel core principles for effective banking supervision (Central Bank of Cyprus)
Responsibility: [prepared by Monetary and Capital Markets Dept.].

Abstract:

This technical note examines Cyprus's factual update on the Basel Core Principles for Effective Banking Supervision for Cyprus. The 2006 directive on corporate governance provides that each commercial credit institution should have a robust internal governance framework. Although the level of activities of banks in Cyprus that can generate market risk remains low, the Central Bank of Cyprus issued bank guidelines on the management of market risk that include provisions on scenario analysis, stress testing, and contingency planning, as appropriate.

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