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Central Bank

Meeting of the Financial Stability Council

12.04.2017

The Financial Stability Council met on Thursday 6 April at the Ministry of Finance and Economic Affairs. The topic of the meeting was risk in the financial system and the macroeconomic outlook. The Council decided to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged at 1.25%.

Financial Stability 2017/1

06.04.2017

Financial Stability, 2017/1, has been posted on the Central Bank of Iceland website. The Bank’s semi-annual Financial Stability report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under...

Financial Stability published today at 11:00 hrs.

06.04.2017

Financial Stability, The Bank’s semi-annual report will be published today and posted on the Bank's website at 11:00 hrs. The report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. In addition, it explains how the Central Bank carries out...

Purchase of offshore krónur by the Central Bank of Iceland

04.04.2017

With reference to press releases issued by the Central Bank on 12 and 23 March 2017, the Bank offers to purchase offshore króna assets as these are defined in the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, for cash euros, at an exchange rate of 137.5 krónur per euro. This offer applies to deposits...

New Central Bank rules on Liquidity Coverage Requirements

31.03.2017

The Central Bank of Iceland has set new rules on credit institutions’ liquidity ratios. As before, the aim of the liquidity rules is to mitigate credit institutions’ liquidity risk by ensuring that they always have sufficient liquid assets to fulfil their obligations under stressed conditions over a specified period of time. The liquidity rules are...

Minutes of the MPC

29.03.2017

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 13 and 14 March 2017. There, the Committee discussed economic and financial market developments, the interest rate decision on 15 March, and the communication of that decision.

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For further information on the benefits of establishing a business in Iceland please feel free to contact us.

Incentives

Iceland focuses on a favorable business environment, including low corporate tax, availability of land and green energy at competitive prices and efficiency within European legislative framework. New direct investment projects can apply for an investment agreement, ensuring generous regional incentives, including a corporate tax rate ceiling of only 15%.

Why Iceland

Along with having one of the lowest corporate tax rate in Europe, Iceland has a highly educated workforce which is ranked among the highest in the world, offers competitively priced renewable energy with an advanced infrastructure making Iceland an ideal location for investors