IMF Staff Country Reports

Iceland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy

Publication Date:

July 28, 2023

Electronic Access:

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Summary:

Macroprudential policy in Iceland recently has centered on the property market, given the importance of this market for households’ balance sheets, banks’ loan portfolios, and the potential systemic risks. The authorities have proactively used property-related macroprudential tools to safeguard the stability of the financial system and to ensure financial prudence among borrowers. The Central Bank of Iceland (CBI) is the authority, with the macroprudential policy mandate.

Series:

Country Report No. 2023/279

Subject:

Financial institutions Financial sector policy and analysis Financial sector stability International organization Loans Macroprudential policy Monetary policy Mortgages Systemic risk

Frequency:

regular