Iceland: Financial System Stability Assessment

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Volume/Issue: Volume 2001 Issue 085
Publication date: June 2001
ISBN: 9781451819281
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Investments and Securities-General , ISCR , CR , monetary policy , payment system , financial system , exchange rate , banking sector , money market , interest rate , capital adequacy ratio , insurance fund , Payment systems , Securities , Insurance companies , Insurance , Commercial banks , Global

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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.

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