Cyprus Mail
News in Brief

House Committee meets on banking future

The restructuring of the banking system is being discussed this morning at the House Finance Committee.
Some of the important issues on the table are the consolidation of credit and other institutional laws, and also the consolidation of the central bank.
Prior to today’s meeting president of the committee, Nicolas Papadopoulos has said “the immediate restructuring of the banking system is imperative, as failure to properly function causes effects on the rest of the economy”.
The committee will also discuss a bill put forward by the Green party to abolish privileges enjoyed by all former officials.