Nicosia, Cyprus. President Nikos Christodoulides addressed an event marking the 30th anniversary of the Cyprus Securities and Exchange Commission (CySEC) on Wednesday evening, highlighting its role in the country’s financial architecture.
CySEC’s role and evolving market landscape
“The Cyprus Securities and Exchange Commission constitutes a cornerstone of our financial architecture,” the president said.
He emphasised that European capital markets are at a critical juncture, pointing to initiatives such as the Savings and Investments Union and the green and digital transition as forces set to reshape market dynamics.
“In this changing landscape, our challenge is to strike the right balance,” he said.
“We must enhance market efficiency and competitiveness, but never at the expense of integrity, investor protection or financial stability,” he added.
Supervision, credibility and influence within the EU
He stressed that in this evolving environment, “the Cyprus Securities and Exchange Commission must continue to develop as a modern and proactive supervisory authority, contributing to European regulatory thinking and serving as a reliable authority for investors and market participants”.
“Its journey over these three decades also demonstrates an important lesson that within the European Union, credibility is not a function of size, but of professionalism and commitment to the rules,” Christodoulides stated.
“This is where smaller member states can exercise real influence through the quality of their supervision and their credibility,” he added.
Anniversary as moment of responsibility
He described the anniversary as “a moment of pride, reflection and responsibility”, underlining that supervision is a continuous effort requiring vigilance and decisive action.
He congratulated the commission on reaching the milestone and wished it continued success.
He also said that “by ensuring effective supervision and legal certainty, the commission strengthens investor confidence and Cyprus’ position as a reliable destination for high-quality investment”.
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