7.11.2016 : Decision on raising the Countercyclical capital buffer

The Financial Supervisory Authority, Iceland, on the 1st of November, pursuant to Article 86(d) of Act No. 161/2002 on Financial Undertakings decided that a CCyB buffer rate of 1.25 per cent shall apply to credit institutions, credit undertakings and other financial undertakings as of 1 November 2017, on an individual and consolidated basis, unless exempt pursuant to the Act on Financial Undertakings.

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