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Cyprus News Agency: News in English, 08-12-10
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 (ÌïU)
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)
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