IMF Staff Country Reports

Iceland: Financial System Stability Assessment: Update

December 8, 2008

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International Monetary Fund. Monetary and Capital Markets Department "Iceland: Financial System Stability Assessment: Update", IMF Staff Country Reports 2008, 368 (2008), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451819397.002

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Summary

This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now depend more than before on access to central banks’ liquidity facilities because of the turmoil in global markets, and any reduction in such access would require changes in the banks' liquidity management strategy. Capital levels, although above minimum levels, are below the average of the five years and may not provide adequate buffers, in light of the deterioration in the global environment and market uncertainties about the strength of banks.

Subject: Asset and liability management, Banking, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Liquidity, Loans, Money, Stress testing

Keywords: Asset quality, Bank assets, Bank bankruptcy regime, Bank capital, Banks' assets, Banks exposure, Capitalized bank, Counterparty risk, CR, Credit, Credit market, Credit risk, Ensuring bank, Financial system, Global, ISCR, Liquidity, Liquidity position, Loans, Net asset position, Noncore assets, Problem bank resolution option, Return on equity, Stress testing

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