Iceland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy

July 28, 2023

Preview Citation

Format: Chicago

Iceland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Macroprudential policy in Iceland recently has centered on the property market, given the importance of this market for households’ balance sheets, banks’ loan portfolios, and the potential systemic risks. The authorities have proactively used property-related macroprudential tools to safeguard the stability of the financial system and to ensure financial prudence among borrowers. The Central Bank of Iceland (CBI) is the authority, with the macroprudential policy mandate.

Subject: Financial institutions, Financial sector policy and analysis, Financial sector stability, International organization, Loans, Macroprudential policy, Monetary policy, Mortgages, Systemic risk

Keywords: Baltics, Capital markets department, CBI share, Financial sector stability, Global, House price misalignment, Housing market Mispricing, Loans, Macroprudential decision making, Macroprudential policy, Mortgages, Systemic risk

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/279
Stock No:

1ISLEA2023006
ISBN:

9798400249457
ISSN:

1934-7685

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