Central Bank of Cyprus ‘moving in direction’ of more active board


The Central Bank of Cyprus is edging towards a new governance structure but it remains to be seen how many politically sensitive changes can be forced through.

An interim report on the future of the Cypriot banking sector, released last week, called for the central bank to adopt a new governance structure that empowers its board of directors.

David Lascelles, the chairman of the Independent Commission behind the report, said he would be "disappointed if something does not happen next year" after

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