Iceland : Financial System Stability Assessment Update, including Report on the Observance and Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency

Author/Editor:

International Monetary Fund

Publication Date:

August 29, 2003

Electronic Access:

Free Full Text (PDF file size is 1189 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The 2001 financial system stability assessment identified risks of financial sector instability, as rapid increases in foreign and domestic currency indebtedness, accumulating external imbalances, and inflation accompanied Iceland's expansion of the late 1990s. The insurance sector, composed of 15 domestic insurance companies including four life insurance companies and three larger companies that dominate the nonlife market, is the smallest sector in the financial system. The authorities monitor banks' long-term foreign exchange refunding needs and the outcomes of refunding operations.

Series:

Country Report No. 03/271

Subject:

English

Publication Date:

August 29, 2003

ISBN/ISSN:

9781451819274/1934-7685

Stock No:

1ISLEA0022003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

33

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