Iceland : Financial System Stability Assessment: Update

Author/Editor:

International Monetary Fund

Publication Date:

December 8, 2008

Electronic Access:

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Summary:

This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now depend more than before on access to central banks’ liquidity facilities because of the turmoil in global markets, and any reduction in such access would require changes in the banks' liquidity management strategy. Capital levels, although above minimum levels, are below the average of the five years and may not provide adequate buffers, in light of the deterioration in the global environment and market uncertainties about the strength of banks.

Series:

Country Report No. 08/368

Subject:

English

Publication Date:

December 8, 2008

ISBN/ISSN:

9781451819397/1934-7685

Stock No:

1ISLEA2008003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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