Additional regulations damaging for Cyprus banks, BoC’s Ackermann says

Additional EU regulations, such as the Minimum Requirements for own funds and Eligible Liabilities (MREL) will be particularly demanding and damaging for small banks in the EU, including Cyprus, Josef Ackermann, Chairman of the Bank of Cyprus Board of Directors has said. Addressing the 9th┬áLimassol Economic Forum, Ackermann referred to the different policy response to … Continue reading Additional regulations damaging for Cyprus banks, BoC’s Ackermann says