Seldom in the financial industry do markets run out of bad apples. Despite measures taken in the past, the current leadership of CySEC, the country’s top securities watchdog, is determined to take tougher
The emerging blockchain technology became known through Bitcoin, the first practical application of this technology. However, the prospects of blockchain technology do not stop at cryptocurrencies. Around the world, companies from all
It is a fact that there is a worldwide effort to reduce the level of tax avoidance. This problem can be met, to an extent, if the liable taxpayer gets some benefit,
Banks are lifeless institutions in concrete buildings. What determines ‘bank policy’ is the management of a bank, not its chairs, desks, walls or ATMs. A necessary clarification is required to explain why
The International Bank Account Number (IBAN) is a standard account number structured according to the specifications issued by the European Committee for Banking Standards (ECBS) and the International Organisation for Standardisation (ISO).
Rising prices have been a major topic of discussion over the past few weeks. In essence, however, individuals can do little to mitigate the effects of rising fuel and commodity prices on
The pandemic has caused new turmoil and highlighted the ongoing concerns within the European Authorities about the Union’s banking system. The turmoil accelerated the reassessment and upgrading of the operating rules of
The decisions made by the European Central Bank (ECB) in the early stages of the Covid-19 pandemic are considered a milestone for the European financial market. The decisions were diffused by unprecedented
The Cyprus forex industry is going through another round of soul-searching in response to recent investigations by Israeli authorities and the FBI into fraudulent trading methods. Already, the financial regulator and watchdog
The high level of Non-Performing Loans (NPLs) is a challenge that must be addressed to increase the economy’s resilience. In addition to the high level of NPLs, Cyprus also has a high
