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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Memorandum signed between FCMC and Central Bank of Cyprus ]

Memorandum signed between FCMC and Central Bank of Cyprus

Memorandum signed between FCMC and Central Bank of Cyprus
June 11, 2009

The Financial and Capital Market Commission (“FCMC”) of Latvia and the Central Bank of Cyprus, expressing their mutual interest and willingness in promoting further the bilateral ties in the domain of supervision of credit institutions, have recently proceeded with the updating of the Memorandum of Understanding which was signed between them in 2003, before their accession into the European Union, in order to integrate, in the Memorandum of Understanding, recent developments in the field of banking supervision.

According to a press release, the updated Memorandum of Understanding has been signed on behalf of the Central Bank of Cyprus by its Governor Athanasios Orphanides, and on behalf of the FCMC, by its Chairwoman Irena Krumane.

The Memorandum of Understanding defines a general framework of mutual cooperation and exchange of information between the two supervisory authorities, for the purpose of facilitating the performance of their supervisory function as well as the effective supervision and regulation of credit institutions with cross border presence, in accordance with the respective national laws and regulations.


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/15908)



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