The European Central Bank (ECB) has imposed an administrative penalty of €575,000 on Bank of Cyprus Public Company Ltd (Bank of Cyprus) after it transferred liquidity to its operating subsidiaries without seeking prior approval from the supervisor.
The European Central Bank (ECB) has imposed an administrative penalty of €575,000 on Bank of Cyprus Public Company Ltd (Bank of Cyprus) after it transferred liquidity to its operating subsidiaries without seeking prior approval from the supervisor.