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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. 

30.8.2018 : Notification of an unchanged countercyclical capital buffer

On 29 June 2018, FME announced that the countercyclical capital buffer would remain unchanged in accordance with the recommendations of the Financial Stability Council on 26 June 2018.

28.8.2018 : The Financial Supervisory Authority‘s updated interpretation on the marketing, distribution or sale of CFDs or binary options

The Financial Supervisory Authority published an interpretation on 5 July 2018 on the marketing, distribution or sale of CFDs and binary options covered by ESMA‘s measures dated 27 March 2018. The measures are based on Article 40 of Regulation (EU) No 600/2014 (MiFIR) in light of the inherent risk and complexity of CFDs and binary options causing significant financial losses for retail investors. As of August 24 2018 ESMA has agreed to renew the prohibition and exclude a limited number of products from the scope of its measure. Further information on ESMA‘s measure is available on its website.

20.7.2018 : The FME Annual Report 2018 is now available in English

The Financial Supervisory Authority (FME) Annual Report 2018 is now available in English. The substantial discussion in the Annual Report of the FME for 2018 primarily covers the period from 1 May 2017 until 30 April 2018. 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 2017.

5.7.2018 : The Financial Supervisory Authority‘s interpretation on the marketing, distribution or sale of CFDs or binary options

The Financial Supervisory Authority considers the marketing, distribution or sale of CFDs and binary options covered by ESMA‘s measures dated 27 March 2018 to be contrary to proper and sound business procedures and practices in securities trading according to Article 5 of Act No. 108/2007 on Securities Transactions. The measures are based on Article 40 of Regulation (EU) No 600/2014 (MiFIR) in light of the inherent risk and complexity of CFDs and binary options causing significant financial losses for retail investors. 

24.5.2018 : Decision on raising the countercyclical capital buffer

The Financial Supervisory Authority decided on 15 May to increase the countercyclical capital buffer in accordance with recommendations from the Financial Stability Council dated 13 April 2018.

24.5.2018 : Notification of an unchanged capital buffer for systemic risk and an on-going capital buffer for other systemically important financial institutions

The Financial Supervisory Authority announced on 15  May an unchanged capital buffer for systemic risk and an on-going capital buffer for other systemically important financial institutions pursuant to the recommendations of the Financial Stability Council from 13 April 2018.

10.1.2018 : Notification of an unchanged countercyclical capital buffer

On 5 January 2018, FME announced that the countercyclical capital buffer would remain unchanged in accordance with the recommendations of the Financial Stability Council on 22 December 2017.

Further information on capital buffers.





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