IMF Staff Country Reports

Iceland: Financial System Stability Assessment

June 12, 2001

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International Monetary Fund. Monetary and Capital Markets Department "Iceland: Financial System Stability Assessment", IMF Staff Country Reports 2001, 085 (2001), accessed November 21, 2024, https://doi.org/10.5089/9781451819281.002

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Summary

Iceland has implemented a broad-based program of financial liberalization and market reforms. Iceland's conduct of monetary and financial policies is highly transparent, which contributes in an important way to the stability and efficiency of the financial system. Both macroprudential and microprudential indicators suggest that the system may be vulnerable to a macroeconomic shock. The Icelandic financial system is vulnerable to market risk and credit risk. The government intends to use the results of the assessment to strengthen their operations and enhance improvements to the regulatory framework.

Subject: Banking, Commercial banks, Financial institutions, Financial markets, Insurance, Insurance companies, Payment systems, Securities

Keywords: Banking sector, Capital adequacy ratio, Commercial banks, CR, Exchange rate, Financial system, Global, Insurance, Insurance companies, Insurance fund, Interest rate, ISCR, Monetary policy, Money market, Payment system, Payment systems, Securities

Publication Details

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