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EU Bank Recovery and Resolution Directive
Central Bank of Cyprus (‘CBC’) acting as the National Resolution Authority for all credit institutions and Cyprus Investment Firms (‘CIFs’) pursuant to section 2(1) of the Law 22(I)/2016 (‘Law’) which transposes EU Bank Recovery and Resolution Directive 2014/59/EC (‘BRRD’), is responsible for drafting of resolution plans of the aforementioned entities. The resolution plan should be...
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