The short story is that the Cyprus episode does have lessons for other jurisdictions but it has no immediate relevance for most of them because they do not run their banking and finance the way Cyprus did. It certainly does not mark the end of the road for solid, transparent, wellregulated IFC’s. III.
2  BIS central bankers’ speeches  Should the corridor be brought back to its standard width – spanning the entire distance between the marginal lending rate and the deposit facility rate – not only de jure but also de facto?