Cypriot commission criticises ‘cumbersome’ managerial structure at central bank

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

The Central Bank of Cyprus still bears many of the "poor governance arrangements" that contributed to the country's banking crisis, according to an independent commission that also said the central bank would benefit from a new management structure with a decentralised power base.

The Independent Commission on the Future of the Cyprus Banking Sector published its final report last week, where it argued that existing efforts to reduce the influence of the governor on central bank operations have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: