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The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks .
Speaking during a briefing on the CBC’s new organisational structure, governor Christodoulos Patsalides left open the possibility of higher capital requirements .
Patsalides pointed out that unprecedented challenges are creating new uncertainties.
“The updated structure”, he said, “equips the central bank to address