Normal view MARC view ISBD view

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. [electronic resource] : - Washington, D.C. : International Monetary Fund, 2003. - 1 online resource (33 p.) - IMF Staff Country Reports, Country Report ; No. 03/271 . - IMF Staff Country Reports, Country Report ; No. 03/271 .

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.

ISBN: 1451819277 : 15.00 USD

ISSN: 1934-7685

Standard No.: 10.5089/9781451819274.002 doi

Subjects--Topical Terms:
Banking
Commercial Banks
Financial System Stability Assessment
Reports on the Observance of Standards and Codes
Savings Banks

Subjects--Geographic Terms:
Iceland