With the initial plan to impose a levy on all bank deposits rejected by parliament, a number of alternatives have been suggested.

BBC: Cyprus crisis: What happens next?

The UK chancellor told the Treasury Committee that initial plans to impose a levy on bank deposits was a "mistake" and had "not been well handled".

BBC: George Osborne criticises handling of Cyprus bailout

Cyprus was expected to impose a levy on all deposits in Cypriot banks for the purpose of bailing said banks out, which are otherwise at risk of failure and disorderly bankruptcy.

FORBES: Cyprus: Welcome To The Roach Motel