Eurozone exit will spell collapse for Cyprus

Cyprus president Nicos Anastasiades said that his government has considered all possible scenarios and that any decision to exit the eurozone will lead to the collapse of the economy. Addressing a news

Capital adequacy requirements for CIFs

. By Rakis Christoforou BBA, CPA/ABV/CFF, CGMA, ACFE The purpose of the Internal Capital Adequacy Assessment Process (ICAAP) and Pillar 2 in the Basel II framework is to ensure that financial institutions