29 January 2018

Meeting of the Financial Stability Council

Central Bank of Iceland and the mountain Esja

The first meeting of the Financial Stability Council in 2018 was held on Thursday 18 January. On the agenda were potential risks in the financial system and the macroeconomic outlook.
The Council decided on 19 December 2017 to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged at 1.25%. The financial cycle has continued to rise at a pace broadly similar to that projected at the Council's last meeting. The Council can therefore be expected to recommend continued build-up of the countercyclical capital buffer in the coming term, in line with the financial cycle developments.

The Financial Stability Council's next meeting will be held on 14 March 2018.

Further information about the meeting is available on the website of the Ministry of Finance and Economic Affairs.