30.11.2015 : FME has published Guidelines on IT Systems of Supervised Entities and Guidelines on Outsourcing by Supervised Entities

The Financial Supervisory Authority has published an English translation (unofficial) of two of its guidelines under Published Material – Legislation, Rules and Guidelines.

These guidelines are: (PDF file) Guidelines on IT Systems of Supervised Entities (2/2014) and (PDF file) Guidelines on outsourcing by supervised entities (6/2014)

20.7.2015 : The FME Annual Report 2015 is now available in English

 The Financial Supervisory Authority (FME) Annual Report 2015 is now available in English. The substantial discussion in the Annual Report of the FME for 2014 primarily covers the period from 1 May 2014 until 30 April 2015. The report describes the main tasks of FME and, in particular, tasks of the supervisory divisions: On-site Inspections and Securities, Off-site Supervision, and Oversight. Furthermore, it discusses the 2014 situation and developments in the financial market.

9.2.2015 : A report about retirement savings adequacy in Iceland

The Finacial Supervisory Authority  has published a report about  retirement savings adequacy in Iceland. The report describes the results of a research project called “Retirement Savings Adequacy in Iceland“, which was carried out from May to November 2014, after preparations that began in September 2012. The goal of the project was to assess pension savings in Iceland and to examine the role that private pensions can and do play in the retirement readiness of the Icelandic working age population. This is the first study of its kind for Iceland. The research project was granted by the European Commission.

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