By Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC)
The banking sector today operates in an environment characterised by heightened uncertainty and a multidimensional, dynamically evolving web of risks.
It is called upon to adapt to a series of structural and emerging challenges, such as accelerating technological developments and increasing cyberthreats, as well as the transition toward a more sustainable and climateneutral economic model. It also faces intensifying competition from entities that fall outside
