12° Nicosia,
27 May, 2024

First ever ECB supervisory council meeting in Cyprus

European Central Bank's key supervisory tasks to be discussed in Cyprus


The Central Bank of Cyprus is set to host the first-ever regular meeting of the Supervisory Council of the European Central Bank (ECB) on May 16-17.

According to a statement from the Central Bank, the Supervisory Council convenes to deliberate, strategize, and execute the ECB's supervisory duties.

Notably, the ECB directly oversees the primary institutions of every euro area nation along with other EU member states that participate. The Council comprises the President, the Vice-President, four ECB representatives, and delegates from national supervisory bodies.

Cyprus  |  banks

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