Iceland: Financial System Stability Assessment

June 23, 2023

Preview Citation

Format: Chicago

Iceland: Financial System Stability Assessment, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

Iceland has made solid progress since the 2008 crisis and the last FSAP update in restructuring banks and implementing important financial sector reforms. It has transposed many EU Directives and Regulations into national law, improving the regulatory, supervisory, and crisis management frameworks. Despite global headwinds, Iceland is exiting the pandemic with strong economic growth and highly capitalized banks. Rising inflation has prompted appropriate policy rate hikes, and macroprudential policies related to real estate exposures have been tightened. Payment systems are dependent on international connectivity of debit and credit card providers.

Subject: Expenditure, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, International organization, Monetary policy, Pension spending, Prices, Real estate prices, Stress testing

Keywords: Bank Contagion analysis, Bank stress tests, Coverage ratio, E. risk analysis, Financial Sector Assessment Program, Financial sector stability, FSAP finding, Global, Pension spending, Real estate prices, Stress testing

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/220
Stock No:

1ISLEA2023002
ISBN:

9798400246128
ISSN:

1934-7685

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