Central Bank of Cyprus
People: April to June 2024
A round-up of central bankers in the news and on the move during the past three months
Cypriot judges end second trial of ex-governor
Prosecutors should not have tried Christodolou twice over alleged bribe payment, judges rule
Cyprus central bank adopts Franco-Spanish treasury system
Banque de France and Bank of Spain encourage all eurozone central banks to use system
Treasury systems initiative: Calypso Technology
The tech company secured important breakthroughs including with its Maps treasury operations system
Cyprus central bank adopts Maps treasury management system
The system was built by Calypso and has been used by the Bank of Spain and Banque de France since 2016
ECB welcomes Cypriot state’s rethink on central bank law
Law allows recapitalisation of the central bank if necessary and clarifies powers to dismiss directors
ECB raises concerns over new Cyprus agency
Powers given to digital security agency should not prejudice those of ECB, opinion warns
Cypriot president appoints new central bank governor
Current governor’s term will not be renewed after clashes with government
Cypriot former governor on trial for allegedly taking bribes
Former son-in-law will testify against Christodoulou in case connected to failed bank Laiki
Cyprus governor says 2015 police raid stopped her investigating politicians’ debts
Governor Georghadji offers to re-start investigation into loans to “politically exposed persons”
Cyprus’s finance minister blocked reform of failed bank – governor
Georghadji says collapse of Co-op Bank cost Cyprus government around €5 billion
Three tricks to remove a troublesome Eurosystem governor
Eurozone authorities have learnt how to circumvent central bank independence – emboldened by feeble action by the European Commission
Cyprus ex-governor says government errors helped bring bank down
Demetriades rejects attacks claims made by CBC predecessor Orphanides
Cyprus inquiry into failed bank hears conflicting allegations
Inquiry told of strong political influence over Co-op Bank
Cyprus ex-governor says authorities asked for false audit of failed bank
Orphanides accuses central bank and former government of “murdering” Cyprus Co-op Bank
ECB says Cyprus must act carefully over NPL plans
Government must also take care over treatment of assets of collapsed bank, ECB cautions
EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
Barroso’s decision not to take legal action against Cyprus for undermining the independence of the central bank damaged the ECB’s authority and emboldened others, claims former CBC governor
Demetriades on political pressures on central banks and their governors
Former governor of the Central Bank of Cyprus speaks about the Cypriot banking crisis, the need for EU-wide AML oversight, independence and his fears for stability of the monetary union
ECB official calls for European action on money-laundering
Corrected: Commission said to be considering enhanced role for EBA after recent scandals
Cyprus inquiry probes central bank’s role in lender’s collapse
Senior supervisor says central bank and ECB failed to act after chief executive resigned in 2015
Central Bank of Cyprus suspends subsidiaries of two Russian banks
CBC says decision was influenced by Russian central bank’s decisions but uncertainty remains