Iceland: Financial System Stability Assessment: Update
Electronic Access:
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Summary:
This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now depend more than before on access to central banks’ liquidity facilities because of the turmoil in global markets, and any reduction in such access would require changes in the banks' liquidity management strategy. Capital levels, although above minimum levels, are below the average of the five years and may not provide adequate buffers, in light of the deterioration in the global environment and market uncertainties about the strength of banks.
Series:
Country Report No. 2008/368
Subject:
Asset and liability management Banking Credit Credit risk Financial institutions Financial regulation and supervision Financial sector policy and analysis Liquidity Loans Money Stress testing
English
Publication Date:
December 8, 2008
ISBN/ISSN:
9781451819397/1934-7685
Stock No:
1ISLEA2008003
Pages:
37
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