New Central Bank rules on Liquidity Coverage Requirements
The Central Bank of Iceland has set new rules on credit institutions’ liquidity ratios. As before, the aim of the liquidity rules is to mitigate credit institutions’ liquidity risk by ensuring that they always have sufficient liquid assets to fulfil their obligations under stressed conditions over a specified period of time. The liquidity rules are based on the Basel Liquidity Coverage Ratio (LCR) requirements, as were the Bank’s previous rules, which date from 2013. The new rules will not have a significant impact on the liquidity requirements made of banks. However, they aim at implementing the definitions and presentation requirements that have taken effect in the European Union, and they are the same as the EU rules in most respects. However, the Central Bank’s new rules still make specific requirements concerning minimum LCR ratio in foreign currencies that are not found in the EU liquidity rules.
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Central Bank of Iceland Annual Meeting 2017: Governor’s speech
Mar Gudmundsson, Governor of the Central Bank of Iceland, delivered a speech at the Bank’s Annual Meeting today. In his speech, Mr. Gudmundsson gave an overview of economic developments and prospects and monetary policy conduct
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Prime Minister of Iceland: Address at the Annual Meeting of the Central Bank of Iceland
Prime Minister of Iceland, Bjarni Benediktsson, gave an address at the 56th Annual Meeting of the Central Bank of Iceland, 30 March 2017.
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Central Bank of Iceland Annual Meeting 2017: Supervisory Board Chairman’s address
Thórunn Gudmundsdóttir, Chairman of the Supervisory Board of the Central Bank of Iceland, delivered an address at the Annual Meeting of the Bank today. In her address, Ms. Gudmundsdóttir gave an overview of some of the Bank’s main tasks and its operating results for the year 2016.
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Annual Report 2016
The Annual Report of the Central Bank of Iceland has been published on the Bank's website.
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