Cyprus:
Shadow Banking Practices
20 February 2019
Patrikios Legal
To print this article, all you need is to be registered or login on Mondaq.com.
Cyprus Companies in "shadow banking" – what to
look out for
In recent years Cyprus companies have sought, albeit not often,
to generate financing outside the regular banking system through
unconventional non-bank credit activities (ie, so-called
'shadow banking', which are backed by quasisecurity
arrangements). Shadow banking takes the form of, among other
things:
- securities lending transactions;
- repurchase transactions; and
- derivatives transactions.
This has created a large sector parallel to the banking system,
resulting in a call for strengthened regulations to mitigate risks
and support financial stability.
Download the pdf file below to read more...
Download PDF
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Cyprus
Contemporary Trends In Corporate Banking
Elias Neocleous & Co LLC
With the ever-evolving global financial landscape, the rapid pace of technological advancements and high customer expectations, the future of corporate banking is set to undergo...
Cayman Islands Investment Funds Update Q1 2024
Carey Olsen
Our investment funds team outline the latest developments within the investment funds market in the Cayman Islands including the removal of the jurisdiction from the Financial Action Task Force...
Trading Standards: Application To Your Business
Appleby
The Trading Standards (Fair Trading) (Guernsey) Ordinance, 20231 (Ordinance) came into force last October and created a new statutory framework for consumer protection and fair trading in Guernsey.