Search Results for: Central Bank of Cyprus
Breaking: Saxo Bank is closing Cyprus Office
March 8th, 2017
Saxo Bank has just announced that the company is closing its office in Limassol, Cyprus. The online investment bank regulated in EU and headquartered in Copenhagen, is operating in financial centers around the world. Saxo Bank opened its Cyprus ...
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
Former deputy attorney-general of Cyprus was sentenced to 3.5 years in prison
March 1st, 2017
Former deputy attorney-general Rikkos Erotokritou was sentenced to 3.5 years in prison on Wednesday for his involvement in a conspiracy with the Andreas Neocleous law firm in 2013. Panayiotis Neocleous, one of the law firm’s partners and son of ...
CySec has issued a Circular to inform Cyprus Investment Frms about EBA guidelines
December 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular in relation to the European Banking Authority ‘Revised guidelines on the further specification of the indicators of global systemic importance and their disclosure’ and wishes to inform the ...
Bank of Cyprus to apply for a listing on the London Stock Exchange
November 16th, 2016
Bank of Cyprus to apply for a listing on the London Stock Exchange and the Cyprus Stock Exchange using a Holding Company structure Commenting on the London listing, Dr. Josef Ackermann, Chairman of the Bank of Cyprus Public Company Limited (the “Bank” ...
CySec issued a Circular to inform Cyprus Investment Firms regarding Quarterly Statistics
July 4th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to infom Cyprus Investment Firms in relation to their Quarterly Statistics and Authority’s request for the electronic submission of information. According to CySec: 1. Information requested by CySEC ...
TeleTradeBel, MTBank pass requirements for forex trading software, MTBank to apply for forex broker registration
July 4th, 2016
TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender MTBank have become the first entities to pass the requirements of the Belarusian Currency Stock Exchange (BCSE) regarding financial software for forex trading on the over-the-counter (OTC) market, according to a ...
Laiki Bank case: Vgenopoulos rubbishes claim of Laiki ignorance of loan exchange
February 4th, 2016
Embattled former Laiki Bank boss Andreas Vgenopoulos insisted on Wednesday that a loan exchange worth $217 million must have been approved by Laiki’s board of directors, especially when such a decision required approval from the Central Bank of Cyprus. ...
Cypriot bank deposits rise in December 2015
February 1st, 2016
Total deposits in Cypriot banks recorded in December 2015 a net increase of €203,0 mln, compared with a net decrease of €67,9 mln in November 2015. According to data by the Central Bank of Cyprus, the annual growth rate ...
Cyprus: Haircut battle due to kick off within weeks
January 4th, 2016
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...
