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21.8.2019 : The FME Annual Report 2019 is now available in English

The Financial Supervisory Authority (FME) Annual Report 2019 is now available in English. The substantial discussion in the Annual Report of the FME for 2019 primarily covers the period from 1 May 2018 until 30 April 2019. The report describes the main tasks of FME and, in particular, tasks of the supervisory divisions: Banking, Insurance and pension, Markets and business conduct and Compliance and inspections. Furthermore, it discusses the situation and developments in the financial market in 2018.

28.6.2019 : Notification of an unchanged countercyclical capital buffer

On 28 June 2019, FME announced that the countercyclical capital buffer would remain unchanged in accordance with the recommendations of the Financial Stability Council on 24 June 2019.

28.6.2019 : The Central Bank of Iceland and the Financial Supervisory Authority are merging at year end

On 20 June this year, Althingi passed a new Central Bank Act to merge the Central Bank of Iceland and the Financial Supervisory Authority into one institution as of the beginning of next year. The Act makes no changes to the tasks entrusted to these two institutions. It describes the integration of tasks within one institution, its governance and its decision-making arrangements, in particular in light of the increasing importance of financial stability.

11.10.2018 : Merger of Central Bank of Iceland and Financial Supervisory Authority in preparation - Inflation targeting to remain the principal objective of monetary policy

Today, it was announced that work has commenced on a review of the statutory framework for monetary policy, macroprudential policy, and financial market supervision, including a merger of the Central Bank of Iceland and the Financial Supervisory Authority. 





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