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Cyprus News Agency: News in English, 08-12-10

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CYSEC CHAIRMAN INTERVIEW

  • [01] CYSEC CHAIRMAN INTERVIEW

    Cyprus` bid to be established as a financial services centre has gained a new momentum after the signing of a Memorandum of Understanding (U) between the Cyprus Securities and Exchange Commission (CySec) and the Federal Financial Markets Service of Russia, CySec Chairman Giorgos Charalambous has said.

    The MoU was signed in Moscow by the Chairman of the Cyprus Securities and Exchange Commission Georgios Charalambous and his Russian counterpart Vladimir Milovidov, in the presence of the Russian President Demtry Medvedev and Cypriot President Demetris Christofias, during the latter`s official visit to Russia between 18-21 November.

    In an interview with CNA, Charalambous said that this MoU upgrades the credibility of the Cypriot Commission. ``Cooperation between states, particularly on capital movement, which lies within the competencies of the Securities Commission, relies on the necessary framework of cooperation. This Memorandum secures a more effective supervision of the transactions and therefore upgrades the credibility and the effective operation of our Commission,`` Charalambous noted.

    (The full text of the interview has been posted on the website of the Agency, just click on the link SPECIAL ISSUES - ANALYSES for free access)


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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