Politis

Banking Supervision Under Transformation - Aiming to Strengthen System Resilience

Published January 11, 2026, 05:11
Banking Supervision Under Transformation - Aiming to Strengthen System Resilience

Banking supervision in Cyprus is undergoing a transformation with the aim of strengthening the resilience of the banking system. The strategy includes redesigning the SREP (Supervisory Review and Evaluation Process), improving bank governance, simplifying stress tests, and measuring supervisory effectiveness. Strengthening the system's resilience is considered critical for the country's economic stability.