Financial supervision in the Republic of Cyprus: the case for reform

Purpose – Aims to examine the current financial scenario in Cyprus and to suggest medium-term reforms to the institutional set-up of Cypriot financial supervision. Design/methodology/approach – Details the different sectors in Cyprus's financial set-up and suggests measures necessary for remedial reform. Findings – The suggested reforms should considerably enhance the consistency and extend the viability of the Cypriot financial supervision system without unduly upsetting its hitherto institutional balance or introducing unnecessary complications to its contemporary arrangements. Originality/value – This represents a starting-point for Cypriot financial reform, which has up to press been only marginally considered.