Panayiotis Rougalas
Leaders from the European Banking Federation (EBF) are visiting Cyprus today and tomorrow (Jan. 13 and 14) for a series of high-level meetings with government officials and local financial regulators.
During the two-day visit, the CEOs and deputy CEOs of the EBF are scheduled to meet with senior officials from the Ministry of Finance, the Central Bank of Cyprus, and the Cyprus Securities and Exchange Commission. They will also hold discussions with representatives of the Association of Cyprus Banks, which is a full member of the EBF.
The talks will focus on concerns over what the banking sector sees as “overregulation” across Europe, as well as the need for greater simplicity in regulatory frameworks. Officials say the goal is to boost bank competitiveness while generating broader benefits for the economy.
Headquartered in Brussels, the EBF is recognized as the representative body of the European commercial banking sector.
For Cyprus, the visit is seen as an opportunity to raise local concerns about overregulation and highlight the island’s role as a regional financial hub. Officials hope the discussions will help streamline rules for banks operating in Cyprus, improve competitiveness, and ultimately support growth in the domestic economy.
*Read the Greek version here.
