Central Bank Of Cyprus Clarification Regarding "Significant Supervised Entities"

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.

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The Central Bank of Cyprus has issued a clarification on its website regarding Cyprus banks which are categorised as "significant supervised entities" and supervised directly by the European Central Bank under the Single Supervisory Mechanism established by Regulation (EU) 1024/2013. These are Bank of Cyprus, the Cyprus Co-operative Bank, Hellenic Bank and RCB.

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Central Bank Of Cyprus Clarification Regarding "Significant Supervised Entities"

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