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Cyprus: Financial Sector Assessment Program Update - Technical Note - Factual Update on Basel Core Principles for Effective Banking Supervision - Asdcs

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Cyprus: Financial Sector Assessment Program Update - Technical Note - Factual Update on Basel Core Principles for Effective Banking Supervision - Asdcs

4.85 91,222 Ratings
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Editor's Note:
1. This note presents a factual update of the 2005 assessment of Cyprus compliance with the 1997 Basel Core Principles for Effective Banking Supervision (BCP), including a follow up on implementation of the 2005 BCP assessment, undertaken in the context of the original Offshore Financial Center assessment (OFCA) in 2005 by Stefan Spamer, Deutsche Bundesbank. The note was based on a factual update prepared by the Authority for the Supervision and Development of Cooperative Societies (ASDCS); interviews with staff of the ASDCS, external auditors, industry, and professional associations; and legal and other background documents. The update follows the 1997 BCP and took into account the revised BCPs which came into effect October 2006.

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Length 19 Pages
Imprint Not Avail
Released June 1, 2009
Identifier (ISBN) 16323561
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