16 August 2024
Tómas Brynjólfsson appointed Deputy Governor for Financial Stability
Based on the results of the advisory adjudication panel and upon nomination by the Minister of Finance and Economic Affairs, cf. Article 4, Paragraph 1 of the Act on the Central Bank of Iceland, no. 92/2019, the Prime Minister has appointed Tómas Brynjólfsson to serve as Deputy Governor for Financial Stability for a five-year term beginning on 1 August 2024.
Tómas Brynjólfsson completed a Master’s degree in International Relations from London School of Economics in 2004 and received a Master’s degree in Economics from the University of Iceland in 2003. He received a BA in International Relations, History, and Economics from the University of Georgia in 2002.
Tómas has served as Director General of the Department of Economic Affairs and Financial Services at the Ministry of Finance and Economic Affairs since 2018 and was acting Permanent Secretary from January through April 2024. From 2015 until 2018, he served as Director of the Services, Capital, Persons and Programmes Division at the EFTA offices in Brussels. He was Director General of the Department of Economic Affairs and Financial Services in the Ministry of Finance and Economic Affairs from 2013 until 2015, having worked previously as an economics expert in the Prime Minister's Office and the Ministry of Finance and Economic Affairs. In 2006-2008 he worked for the Research Department at Landsbanki Íslands.
Tómas has broad knowledge and experience in financial markets, financial stability, and economics, and has participated, among other things, in shaping the financial stability framework and the financial market regulatory framework. He also has extensive knowledge of the administrative and regulatory frameworks for the financial market and macroprudential policy.
Tómas was Vice-Chair of the Board of the Financial Supervisory Authority in 2015 and served on the Board of the SL Pension Fund from 2021 until 2023. He has participated in a number of Government-appointed committees and working groups relating to the financial markets, economic affairs, and macroprudential policy, as well as leading the Government’s international cooperation in the field of economics, e.g. with the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD).