Supervision

Capital Buffers

According to Article 86(a) of Act No. 161/2002 on Financial Undertakings financial undertakings shall hold capital buffers in accordance with Articles 86(b) – 86(e) of the same Act. The Financial Supervisory Authority of Iceland (FME), shall publish the capital buffers rates.

Notification 17 October 2017

Notification of an unchanged countercyclical capital buffer
Recommendation concerning countercyclical capital buffer

Notification 28 June 2017

Notification of an unchanged countercyclical capital buffer
Recommendation concerning countercyclical capital buffer

Notification 26 April 2017 

Notification of an on-going capital buffer for other systemically important institutions and an unchanged countercyclical capital buffer
Recommendation to the Financial Supervisory Authority on the countercyclical capital buffer 
Recommendation and rationale concerning the capital buffer for other systemically important financial undertakings 

Decision 1 November 2016

FME decision on CCyB
FSC recommendation on CCyB

Decision 1 March 2016

FME decision on capital buffers

FSC recommendation on capital buffers

FSC rationale-introduction

FSC rationale on SRB

FSC rationale on O-SII

FSC rationale on CCyB

 Applicable capital buffers

Arion banki, Íslandsbanki og Landsbankinn

Date 1.11.16  1.1.17  1.3.17  1.11.17 
Systemic risk buffer 3% 3% 3% 3%
O-Slls buffer 2%  2% 2% 2%
Countercyclical capital buffer      1% 1,25%
Capital conservation buffer  1,75% 2,5% 2,5% 2,5% 
Combined buffer requirement 6,75% 7,5% 8,5% 8,75%

Kvika banki

Date 1.11.16 1.1.17 1.3.17 1.11.17 1.1.18 1.1.19
Systemic risk buffer 1% 1,5% 1,5% 1,5% 2% 3%
Countercyclical capital buffer 1% 1,25% 1,25% 1,25%
Capital conservation buffer 1,75% 2,5% 2,5% 2,5% 2,5% 2,5%
Combined buffer requirement 2,75% 4% 5% 5,25% 5,75% 6,75%   

Sparisjóður Austurlands, Sparisjóður Höfðhverfinga, Sparisjóður  Strandamanna og Sparisjóður Suður-Þingeyinga

Date 1.11.16 1.1.17 1.3.17 1.11.17 1.1.18 1.1.19
Systemic risk buffer 1,5% 1,5% 1,5% 1,5% 2% 3%
Countercyclical capital buffer 1% 1,25% 1,25% 1,25%
Capital conservation buffer [1] 1% 1,75% 1,75% 1,75% 2,5% 2,5%
Combined buffer requirement 2,5% 3,25% 4,25% 4,5% 5,75% 6,75%   

Borgun, Lánasjóður sveitarfélaga, Lykill Fjármögnun og Valitor

Date 1.11.16 1.1.17 1.3.17 1.11.17
Countercyclical capital buffer 1% 1,25%
Capital conservation buffer 1,75% 2,5% 2,5% 2,5%
Combined buffer requirement 1,75% 2,5% 3,5% 3,75%

Byggðastofnun

Date 1.11.16 1.1.17 1.3.17 1.11.17 1.1.18
Countercyclical capital buffer 1% 1,25% 1,25%
Capital conservation buffer [1] 1% 1,75% 1,75% 1,75% 2,5%
Combined buffer requirement 1% 1,75% 2,75% 3% 3,75%      


[1] Cf. temporary provision XIII of the Act on Financial Undertakings.


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