On 26 April 2017 the Financial Supervisory Authority of Iceland (FME) has notified, following recommendations from the Financial Stability Council and pursuant to Article 86(c) of Act no. 161/2002 on Financial Undertakings, that a 2% capital buffer for other systemically important institutions (O-SII) shall continue to apply to Arion banki hf., Islandsbanki hf. and Landsbankinn hf. The buffer shall be maintained on an individual and consolidated basis for all risk-weighted exposures.