Cyprus inquiry probes central bank’s role in lender’s collapse

Central Bank of Cyprus, Nicosia
Photo: TourinNicosia/Wikimedia Commons

An official inquiry in Cyprus has started public hearings on the collapse of the country’s largest co-operative bank and the role played by the central bank.

Giorgos Ioannou, a senior Central Bank of Cyprus official, said the institution will not be able to provide the inquiry with confidential documents on the role played by the European Central Bank, local media reported. The inquiry’s chairman said that the central bank had not responded to a letter calling on it to provide the necessary

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