05 July 2023

Minutes of the Financial Stability Committee meeting of June 2023

The FSN and the committee secretary
The Financial Stability Committee of the Central Bank of Iceland takes decisions on the application of the Bank’s financial stability policy instruments. At the meeting, held 2, 5, and 6 June, The Committee discussed the current situation and outlook for financial stability and the principal risks to financial stability, such as economic developments, risks in the operations of financial institutions and the financial system, developments in domestic financial markets, household and corporate debt, the real estate market, the efficacy of borrower-based measures, financial institutions’ capital and liquidity position, and the financial cycle.

The FSN decided to keep the countercyclical capital buffer (CCyB) rate unchanged, as in accordance with the Committee’s March 2023 decision, the CCyB will increase from 2% to 2.5% on 15 March 2024.

See the minutes here: Minutes of the Financial Stability Committee meeting (17th meeting). Published 5 July 2023.

See further information on the committee here: Financial Stability Committee