CySEC fines 10 BOC directors & execs €600k, for misleading investors

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CySEC fines 10 BOC directors & execs €600k,...
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By Stelios Orphanides

The Cyprus Securities and Exchange Committee (CySEC) said that it fined ten former Bank of Cyprus directors and executives and the lender for failing to adequately report provisions for loan impairments in 2011.

The financial market’s watchdog decision, announced on Friday, “is based on the findings of CySEC’s long-term investigation into the company’s activities preceding the financial crisis and the circumstances which arose in the company and that of the Cyprus banking sector’s subsequent depositor bail-in in 2013”.

CySEC fined former...


This article was automatically added to our system 2-12-2017

CySEC fines 10 BOC directors & execs €600k, for misleading investors


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