The June 2026 transposition deadline has passed. Cyprus is still finalising its implementing legislation, but that’s not extra preparation time. Across Europe, and increasingly here in Cyprus, organisations are already reviewing pay structures, job architecture and governance. Those waiting for local enforcement may find the data and documentation to prove pay equity simply isn’t there.
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For years, Cyprus has spoken about resilience. We say the economy is holding up, that growth remains solid, that public finances are improving and that the country continues to attract international business. All of that is true. But under the current geopolitical conditions, those facts on their own are no longer enough.
On 7 May 2026, the European Banking Authority (EBA) published the final report on amending the Guidelines on the application of the definition of default under Article 178 of Regulation (EU) No 575/2013 (CRR), following the CRR3 amendments to Article 178(3)(d).
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