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Cyprus PIO: News Update in English, 03-08-21

Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article

From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

  • [01]Thursday, 21 August 2003 President Papadopoulos condemns bomb attack against UN Headquarters in Baghdad
  • [02] Foreign Ministry urges all parties to end violence in Middle East
  • [03] The Central Bank of Cyprus and the National Bank of Slovakia signed a "Memorandum of Understanding"

    [01] President Papadopoulos condemns bomb attack against UN Headquarters in Baghdad

    The President of the Republic, Mr. Tassos Papadopoulos, sent on Wednesday, a letter of condolences to the UN Secretary-General, Mr. Kofi Annan, regarding the attack against the UN Headquarters in Baghdad. The President/s letter reads as follows: "It was with great shock and distress that I was informed of the attack on United Nations Headquarters in Iraq and the loss of so many lives including that of your Special Representative, close associate and dear friend, Mr. Sergio Vieira de Mello. On behalf of the Government and people of Cyprus, please accept Excellency, our most sincere and heartfelt condolences. This cowardly attack must not be allowed to divert the efforts of the United Nations and of the international community from its mission of assisting the Iraqi people in their quest for rebuilding their shuttered country. The United Nations, in this difficult time, must persevere and continue its noble endeavor. Let me assure you of our full and unwavering support in these trying times". The Ministry of Foreign Affairs, in a statement yesterday, also condemned the bomb attack against the UN headquarters in Baghdad and expressed its deep regret for the victims, including UN Secretary-General's Special Representative to Iraq, Sergio Vieira de Mello. "The Foreign Ministry believes that such actions should not be allowed to influence the humanitarian work and reconstruction of Iraq which must continue despite these adverse conditions", the statement said. "This incident confirms once again the dire need for the international community to form a common front against terrorism, which is a threat for every country and society. Cyprushas repeatedly declared that it remains committed in the fight against this irksome phenomenon", added the Ministry of Foreign Affairs.

    [02] Foreign Ministry urges all parties to end violence in Middle East

    The Ministry of Foreign Affairs strongly condemns the latest suicide attack on a bus in West Jerusalem on Tuesday night, in which at least 15 people were killed and about 100 were injured. "These actions, besides the human tragedy they cause, undoubtedly they derail the peace process", the Foreign Ministry said in a statement issued yesterday, urging "all parties to put an end to this cycle of violence and to help create a climate conducive to trust and mutual understanding. Violence and terrorism must not hinder the peace process and the full implementation of the Road Map, which offers the best alternative to final settlement in the Middle East", the Ministry added. The Foreign Ministry also expressed deep sorrow and sympathy to the families of the victims as well as those injured, stressing it condemns ''such terrorists acts that fuel the cycle of violence in this volatile area''.

    [03] The Central Bank of Cyprus and the National Bank of Slovakia signed a "Memorandum of Understanding"

    The Central Bank of Cyprus and the National Bank of Slovakia ("NBS") recently singed a "Memorandum of Understanding" on mutual co-operation and exchange of information in the field of banking supervision. The NBS is the competent authority for the regulation and supervision of the Slovakian banking system. The Central Bank of Cyprus, in addition to being the country's monetary authority, is also the banking supervisory/ regulatory authority as well as the licensing and regulatory authority for International Collective Investment Schemes, their Managers and their Trustees under the International Collective Investment Schemes Law of 1999. The "Memorandum of Understanding" has been signed on behalf of the Central Bank of Cyprus by its Governor Mr. Christodoulos Christodoulou and on behalf of the National Bank of Slovakia by its Governor Mr. Marian Jusko. The "Memorandum of Understanding" establishes a general framework of mutual co-operation and exchange of information between the two authorities with a view to facilitating the performance of their cross-border regulatory functions and responsibilities and enhancing the supervision and regulation of banking institutions, in accordance with their respective laws and regulations. The Central Bank of Cyprus pursues an active policy of signing "Memoranda of Understanding" for co-operation and exchange of information, in the fields of its competence, with respective overseas authorities. In the field of banking supervision "Memoranda of Understanding" have been signed with the Central Banks of countries whose banks already have or may have, in the immediate future, a presence in Cyprus. "Memoranda of Understanding" in this field have already been signed with the Central Bank of the Russian Federation, the Bulgarian National Bank, the National Bank of Ukraine, the National Bank of the Republic of Belarus, the National Bank of Yugoslavia, the National Bank of Romania and the Financial and Capital Market Commission of Latvia. Moreover, negotiations are currently in progress with seven other overseas banking supervisory authorities for the signing of similar documents. In the field of regulating the provision of international financial services, "Memoranda of Understanding" have been signed with the Greek Capital Markets Commission, the Czech Securities Commission, the Federal Commission for the Securities Market of Russia and the Lithuanian Securities Commission.

    From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/


    Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article
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