Parliament to force BOC to include bailed-in depositors in BoD

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Parliament to force BOC to include bailed-in...
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By Stelios Orphanides

The parliament will vote on Thursday on a draft bill which provides for the participation of representatives of bailed-in depositors on banks’ board of directors, the Cyprus News Agency reported on Monday citing a lawmaker.

The rationale behind the draft legislation proposed by DIKO aims at empowering “trimmed depositors of Bank of Cyprus and Laiki to participate in the board of directors of the bank, which they helped come out of the crisis with their own deposits,” the Cyprus News Agency reported, citing Angelos Votsis,...


This article was automatically added to our system 11-4-2016

Parliament to force BOC to include bailed-in depositors in BoD


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