articles | 05 December 2017

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

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