Central Bank flags Middle East and climate as key risks

A worsening geopolitical environment in the Middle East, climate change, cyber threats and recent changes to Cyprus’s foreclosure framework make up the main risk landscape for the country’s financial stability, the Central Bank of Cyprus said in its Financial Stability Report, published Tuesday.

Overall, the report concluded that the Cypriot financial system remains strong and adequately shielded, though the external environment continues to be marked by heightened uncertainty and emerging...