IMF Staff Country Reports

Iceland: Financial Sector Assessment Program-Technical Note on Financial Safety Net Crisis Management

Publication Date:

July 28, 2023

Electronic Access:

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Summary:

This Note assesses and makes recommendations regarding the different elements of the financial safety net in Iceland. The scope of the assessment includes the institutional arrangements for recovery, resolution, and crisis management; the oversight of banks’ recovery plans; the legal regime for bank bankruptcy and resolution; resolution planning by the authorities; the funding mechanism to support resolution; the deposit guarantee scheme; and the government authorities’ collective preparedness to deal with financial crises.

Series:

Country Report No. 2023/281

Subject:

Bank resolution Bank resolution framework Financial crises Financial sector policy and analysis Financial sector stability International organization Lender of last resort Monetary policy

Frequency:

regular