CIR

What is CIR reporting?

CIR reporting, or the Central Bank of Cyprus (CBC) Resolution Reporting, is a regulatory requirement for credit institutions and investment firms in Cyprus. This reporting is part of the implementation of the Bank Recovery and Resolution Directive (BRRD) and the European Commission Implementing Regulation (EU) 2018/1624, which outlines the procedures and templates for resolution plans.

How can Finmatek help you?

Finmatek offers comprehensive support for businesses navigating their CIR (Central Bank of Cyprus Resolution) reporting requirements. Our team is composed of professionals with extensive knowledge in compliance, risk management, and financial trading, ensuring that clients receive expert guidance throughout the reporting process. Finmatek also provides automated reporting solutions that streamline the preparation and submission of the CIR reports. This automation reduces the risk of errors and enhances efficiency, allowing firms to focus on their core operations while ensuring compliance with regulatory requirements. Finmatek assists clients in accurately completing the relevant templates, ensuring that all necessary information is included and formatted correctly and converts the files into the required XBRL format.