Home » Cyprus: Assessment of Financial Sector Supervision and Regulation, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Insurance Supervision, and Securities Regulation by International Monetary Fund
Cyprus: Assessment of Financial Sector Supervision and Regulation, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Insurance Supervision, and Securities Regulation International Monetary Fund

Cyprus: Assessment of Financial Sector Supervision and Regulation, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Insurance Supervision, and Securities Regulation

International Monetary Fund

Published October 10th 2006
ISBN : 9786613747075
ebook
60 pages
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 About the Book 

1. The 2008 Financial Sector Assessment Program (FSAP) mission to Cyprus took place against a background of rapidly spreading spillover into Europe of the global financial crisis. The timing of the mission in mid-September 2008 came shortly after theMore1. The 2008 Financial Sector Assessment Program (FSAP) mission to Cyprus took place against a background of rapidly spreading spillover into Europe of the global financial crisis. The timing of the mission in mid-September 2008 came shortly after the collapse of Lehman Brothers, and coincided with the (near) failure of several European financial institutions and the broad-ranging policy reactions to these events, including the announcement of blanket deposit and other guarantees. These events lent a new urgency to reviewing crisis preparedness and management, as well as analyzing the soundness of financial institutions and possible channels of contagion for the Cypriot financial sector.