Iceland: Financial Sector Assessment Program-Technical Note on Financial Safety Net Crisis Management

July 28, 2023

Preview Citation

Format: Chicago

Iceland: Financial Sector Assessment Program-Technical Note on Financial Safety Net Crisis Management, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

This Note assesses and makes recommendations regarding the different elements of the financial safety net in Iceland. The scope of the assessment includes the institutional arrangements for recovery, resolution, and crisis management; the oversight of banks’ recovery plans; the legal regime for bank bankruptcy and resolution; resolution planning by the authorities; the funding mechanism to support resolution; the deposit guarantee scheme; and the government authorities’ collective preparedness to deal with financial crises.

Subject: Bank resolution, Bank resolution framework, Financial crises, Financial sector policy and analysis, Financial sector stability, International organization, Lender of last resort, Monetary policy

Keywords: Asset portfolio, B. bank insolvency, Baltics, Bank resolution, Bank resolution framework, Europe, Financial crisis preparedness, Financial sector stability, Lender of last resort, Market funding, Recovery planning, Resolution plan

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/281
Stock No:

1ISLEA2023008
ISBN:

9798400251993
ISSN:

1934-7685

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