Financial Stability report published
The Financial Stability report of the Central Bank of Iceland, second issue 2024, has been published. The Bank’s semi-annual Financial Stability report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. In addition, it explains how the Central Bank carries out the tasks necessary for the operation of a sound and effective financial system. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki.
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Statement of the Financial Stability Committee September 2024
The Icelandic financial system is resilient. The systemically important banks’ capital and liquidity positions are strong, they have ample access to funding, and the cost of foreign funding has declined. Persistent inflation and weaker economic growth can create challenges for the financial system.
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Statement of the Financial Stability Committee and publication of Financial Stability 25 september 2024
A statement of the Financial Stability Committee will be published at 8:30 hrs. tomorrow, Wednesday 25 september.
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Nordic Baltic Crisis Simulation Exercise, 2024
To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving three fictitious banks with cross-border activities.
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Adjusted figures on the current account and international investment position
The current account figures published on 3 September 2024 have been corrected.
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