Latest Intelligence on Financial Services in Cyprus

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Type Product title / description Pub Price
Expert View
Expert View

Cyprus levy will exacerbate offshore outflows

A deposit levy proposed in Cyprus has brought turmoil to the eurozone recovery, but it has also undermined the attraction of Cyprus as an offshore center. Banking instability on the island has already compromised offshore wealth inflows and the levy will only exacerbate the problem.

Published By Datamonitor
19 Mar 2013
Expert View
Expert View

Cyprus levy: wealth managers under threat

Deposits form the backbone of the retail savings investment market across Europe and around the world. The Cypriot bailout - with its punishing terms for depositors of all sizes - has moved the European crisis from one that merely destroys the value of investments to one that will effectively confiscate assets, upping the threat to wealth managers around the Mediterranean.

Published By Datamonitor
19 Mar 2013

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