Nicosia, Cyprus. The Central Bank of Cyprus this week published a summary overview of its governance framework, outlining the structures, principles and decision-making mechanisms that underpin its operations. The move is aimed at strengthening transparency and public understanding.
Informational publication
The document was released for informational purposes and provides a concise description of the governance arrangements that guide the central bank’s activities and support its mission of serving the public interest.
The Central Bank of Cyprus said the publication is not a legal document and does not replace the legal and regulatory framework governing the institution.
Governance principles
The bank said it remains committed to the principles of transparency, accountability and good governance, which support public confidence and contribute to the stability of the financial system.
According to the document, the framework is continuously updated to reflect evolving governance practices and is intended to reinforce institutional accountability, transparency and operational effectiveness.
Document structure
The publication is divided into sections covering the central bank’s general overview, decision-making bodies, internal control mechanisms and core governance principles.
Institutional role
The Central Bank of Cyprus was established in 1963 under Articles 118 and 121 of the Constitution of the Republic of Cyprus and operates under the Central Bank of Cyprus Law.
The institution performs a dual role, acting both as the national central bank and as an integral part of the European System of Central Banks.
In its European capacity, the Central Bank of Cyprus contributes to the tasks entrusted to the European System of Central Banks under EU treaties and the statutes of the European System of Central Banks and the European Central Bank.
European participation
The central bank also participates in the Single Supervisory Mechanism, the European Banking Authority, the European Systemic Risk Board, the Single Resolution Mechanism and the European Anti-Money Laundering Authority.
