Cyprus Assets Under Management Rise To €11.4 Billion In Record Growth

by THEFUTURE.TEAM

February 26, 2026

Robust Sector Growth

Cyprus’ investment funds sector continues to expand, with assets under management (AuM) reaching €11.4 billion, according to the Cyprus Securities and Exchange Commission (CySEC). The number of active management entities, including Authorised, Registered, and Approved Management Companies and Undertakings for Collective Investments, has risen to a record 260.

The figures highlight steady growth in the sector and reflect increasing activity within Cyprus’ investment management ecosystem.

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Strengthening Credibility Through Governance

Maria Panayiotou, president of the Cyprus Investment Funds Association (CIFA), underscores that the current momentum is not merely quantitative. It represents a qualitative leap marked by unwavering commitment to enhanced governance, transparency, and long-term value creation. With quality growth as a strategic priority, the sector is poised to further solidify its credibility within an increasingly competitive international investment landscape.

Driving Economic Impact

The expansion of the sector is also contributing to the broader economy. Direct investments linked to the industry have reached €2.8 billion, reinforcing the role of investment funds as a growing source of capital inflows. This trend supports Cyprus’ positioning as a regional financial center while helping diversify economic activity beyond traditional sectors.

Charting A Path Forward

Amid global market volatility and stronger competition between financial hubs, Cyprus is emphasizing regulatory stability and institutional maturity. Industry stakeholders are also focusing on talent development and alignment with European regulatory standards to sustain long-term growth. These factors are increasingly viewed as essential for maintaining competitiveness in a rapidly evolving investment environment.

Conclusion

The rise in assets under management to €11.4 billion signals continued momentum for Cyprus’ investment funds industry. As the sector expands, its ability to combine regulatory credibility with sustained capital inflows will play a central role in shaping Cyprus’ position within the European investment landscape.

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Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

October 20, 2026

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

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Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.

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