Cyprus
ECB health check ‘putting strains’ on Cyprus central bank
IMF staff report finds the operational capacity of the Central Bank of Cyprus is being stretched by the transition to the SSM, including the ECB's comprehensive assessment
Cyprus finance ministry to publish SWF framework this year
Cypriot finance minister Harris Georgiades says he will finalise plans for a sovereign wealth fund this year, but monetising the country’s gas deposits remains a distant prospect
Cyprus names auditor-general as new central bank governor
Cypriot president moves fast to appoint Chrystalla Georghadji, the head of the state audit office, as successor to Panicos Demetriades, who resigned from his post earlier this week
Demetriades resigns as Cyprus governor
Resignation brings an end to the long conflict between the Cypriot governor and the president; Demetriades will leave in April after less than two years in the role
Cypriot commission criticises ‘cumbersome’ managerial structure at central bank
Independent commission wants to see more power handed to the executive and non-executive directors at the Central Bank of Cyprus; says senior management dropped the ball on financial stability
Cyprus governor hits back over reports of bank re-cap ‘success fee'
Panicos Demetriades says fresh reports refer to confidential documents that have been unlawfully leaked; says central bank will not pay fees based on size of failed banks' recapitalisations
Cypriot board member breaks ranks to criticise Demetriades
Alexandros Michaelides accuses central bank governor of a lack of professionalism for cancelling board meeting ahead of troika visit; demands greater respect
Cyprus finance minister says governor Demetriades is 'under scrutiny'
Harris Georgiades says expanded central bank board will improve governance; argues banks will succeed in raising equity as capital controls are lifted
BBA chair says European deposit guarantee scheme raises concerns about moral hazard
Nigel Wicks says single resolution mechanism ‘immensely complicated' and in need of treaty change while European deposit protection raises moral hazard issues; argues healthy eurozone is in UK's interest to maintain financial sector's 'critical mass'
IMF calls for co-operation as Cypriot president targets central bank governor
Cyprus president says he may appeal to the courts to remove Panicos Demetriades from the Central Bank of Cyprus; IMF insists authorities must work together to protect financial stability
IMF greenlights new wave of funds for ‘resolute' Cyprus
New IMF report says most conditions have been met with a ‘comfortable margin' but warns that the banking crisis' impact on households and corporates could be larger than anticipated
Cyprus gold still in play to help fund troika bailout
First review finds good progress made in repairing the Cypriot financial sector; central bank will take on a wider supervisory role but may have to sell gold to contribute to the country's bail-out
Central Bank of Cyprus ‘moving in direction’ of more active board
David Lascelles says interim report on Cypriot banking sector has been well-received; hopes parliament will sanction a ‘more democratic’ board
Cyprus central bank told to dilute governor power
Independent report says too much power was concentrated in the governor’s hands in the build-up to the recent Cypriot crisis; calls for new policy-setting committee with non-executive majority
ECB voices fresh concern over Central Bank of Cyprus' independence
European Central Bank says draft law on the governance of the Central Bank of Cyprus contains a number of threats to its independence; follows earlier intervention by Mario Draghi
Bank of Israel’s outgoing chief, Stanley Fischer, on the challenges of central banking
Stanley Fischer believes his work as governor of the Bank of Israel is done. He tells Chris Jeffery about the reform process in Israel as well as the challenges facing the world economy and the IMF
Cyprus challenges accusations of weak anti-money laundering controls
Central bank and finance ministry say summary of two reports into anti-money laundering controls in Cyprus gives a biased view of the results
Leaked document shows deep IMF concerns about Cyprus bail-out
IMF approves Cyprus support package but leaked 'internal document' exposes depth of reservations about the plan among the IMF's executive board
Orphanides lambasts European ‘blunders’
Former Central Bank of Cyprus governor attacks European authorities for mismanaging sovereign debt crisis; holds communist party responsible for Cypriot bailout
Asmussen and Rehn sketch plans for European body to replace ‘troika'
ECB board member defends scale of emergency liquidity extended to ‘insolvent' Cypriot banks; confirms the bank has an open mind on ABS purchases to ease SME credit crunch
Dijsselbloem defends Eurogroup over Cyprus bail-in plan
Eurogroup president fields questions from European Parliament and defends the original Cyprus plan; refuses to name names over who proposed levy on smaller depositors
ECB lifts ban on Cypriot ‘junk' bond eligibility
Rule suspension allows Cypriot government-issued or guaranteed debt instruments to be used as collateral in Eurosystem operations; follows precedent set for Greece in September 2012
Cyprus president rejects Draghi concerns
Nicos Anastasiades tells ECB president that government is not interfering with central bank independence; stresses legitimacy of investigation into governor Panicos Demetriades