A new article on the Icelandic Pension System is now available at the FME website.

FME has published statistical data on foreign EEA insurance companies' operations in the Icelandic market.

The FME has calculated the effects of simultaneous shocks on capital ratios of the largest Icelandic banks as described in Rules No 530/2004, with later amendments.

Around 250 persons from the Icelandic financial community attended the annual meeting of the FME, which was held 7 November 2006.

The Financial Supervisory Authority in Iceland (FME) has participated in the work of the Committee of European Securities Regulators (CESR).

The FME has processed figures showing default by borrowers of depository institutions at the end of the 3rd quarter of fiscal year 2006 and comparable figures for the preceding quarters. In this analysis, default is defined as having amortisation and interest payments in arrears for more than one month.

40 compliance officers and computer specialists from issuers of securities listed on the Iceland Stock Exchange (ICEX) attend a seminar at the FME on a new application on submission of insider lists.

The FME has issued a consultation paper which includes guidelines to promote a common framework for supervisory disclosure.

The purpose of the MoU is to strengthen cooperation and the exchange of information between the authorities.