The mission of the Financial Supervisory Authority is to safeguard the integrity and sound operation of the financial market

Statistical Information

The Financial Supervisory Authority's experts compile a variety of reports based on information from regulated entities.

Consumer Affairs

The Financial Supervisory Authority is host to the Insurance Complaints Committee and the Complaints Committee on Transactions with Financial Firms. .

Entities engaging in financial activities which are subject to licence are regulated by the Financial Supervisory Authority. Regulated entities include commercial banks, savings banks, credit institutions, securities firms, insurance companies, pension funds etc.

Annual Reports

The Financial Supervisory Authority regularly publishes news of its activities, statistical information and Annual Reports.

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The Financial Supervisory Authority has concluded its investigation of issues connected to the banking collapse - 27.2.2013

The Financial Supervisory Authority (FME) held a press conference today to mark its conclusion of investigation of issues connected to the banking collapse. At this meeting the Director General of FME, Unnur Gunnarsdóttir, and Sigurveig Guðmundsdóttir, Managing Director of FME's Onsite Inspections and Securities division, among other things went over the number of cases which had been investigated, in how many cases complaints had been lodged with the Office of the Special Prosecutor, how many cases had been referred to this Office and how many cases had been concluded without further action.

All financial undertakings now publish information on proportional holdings on their website - 12.7.2012

In Amendment no. 75/2010 to Act No. 161/2002 on financial undertakings, the following paragraph was added to Article 19 on Good business practices and customs:

"A financial undertaking shall specify on its website the names and proportional holdings of all persons owning an interest of 5% or more in the undertaking."

Unnur Gunnarsdóttir appointed Director General of the Financial Supervisory Authority - 5.7.2012

Unnur Gunnarsdóttir, who has been acting Director General of the Financial Supervisory Authority since 1 March this year, has now been appointed Director General of the Authority. A law graduate of the University of Iceland, Unnur pursued graduate studies in both the UK and Canada. She previously served as the Financial Supervisory Authority's Chief Legal Counsel.