31 July 2023
IMF publishes Financial Sector Assessment Program reports on Iceland
The International Monetary Fund (IMF) has published several Technical Notes on its recently completed assessment of the Icelandic economy under the Financial Sector Assessment Program (FSAP). The IMF had previously published its Financial System Stability Assessment (FSSA). These reports released on Friday pertain to specific aspects of the financial system that the Fund examined separately: IMF website
The Technical Notes, listed below, can be found on the IMF website:
- Detailed assessment report (Basel Core Principles)
- Financial safety net and crisis management
- Cyber and operational resilience, supervision, and oversight
- Pension fund oversight
- Stress testing and systemic risk analysis
- Macroprudential policies
- Climate-related financial risks in the banking sector
- Anti-money laundering/combating the financing of terrorism
An article (in Icelandic) on the FSAP assessment of the Icelandic financial system can be found in the Central Bank’s web-based publication Kalkofninn.