Local

    Articles |
    05 December 2017

    CBC sets countercyclical capital buffer at 0%

    CBC sets countercyclical capital buffer at 0%

    The countercyclical capital buffer (CCyB) rate for the period 1 January 2018-31 March 2018 has been set at 0%, the Central Bank of Cyprus said recently.

    “On 5 December 2017, the Central Bank of Cypus (CBC), in accordance with the methodology described in its macroprudential policy, set the CCyB rate for the period 1 January 2018-31 March 2018 at 0% of the total risk exposure amount of each licenced credit institution and each investment firm that provides the investment services of dealing on own account or underwriting of financial instruments and / or placing of financial instruments on a firm commitment basis; and has not been exempted by the CBC due to its small or medium size,” the Central Bank said in a press release.

    Source: CNA

    Tags:

    Cooperation Partners
    • Logo for Ministry of Energy, Commerce, Industry and Tourism
    • Logo for Cyprus Chamber of Commerce and Industry
    • Logo for Invest Cyprus
    • Logo for Cyprus In Your Heart
    • Logo for CFA Cyprus
    • Logo for Cyprus International Businesses Association
    • Logo for Cyprus Shipping Chamber
    • Logo for Cyprus Investment Funds Association
    • Logo for Association of Cyprus Banks