27 June 2017

Meeting of the Financial Stability Council

Central Bank of Iceland

The Financial Stability Council met on 20 June 2017. On the agenda were potential risks in the financial system and the macroeconomic outlook.

The Council decided to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged at 1.25%. The financial cycle has continued to rise at a pace broadly similar to that projected at the Financial Stability Council's last meeting. The Financial Stability Council can therefore be expected to recommend that the build-up of the countercyclical capital buffer continue in the coming term, in line with the financial cycle.

The Financial Stability Council's next meeting will be held on 6 October 2017.

Further information about the meeting is available on the website of the Ministry of Finance and Economic Affairs.