Iceland’s Central Bank: Financial Risks Have Decreased Skip to content

Iceland’s Central Bank: Financial Risks Have Decreased

Risks in Iceland’s financial sector have decreased as the economy recovers after the 2008 banking collapse, according to a new report by the country’s Central Bank.

money-banknotes_psPhoto by Páll Stefánsson.

‘The Financial Stability 2012/2’ report says that currency controls protect the country’s markets from the global economic crisis. However, according to the report, foreign loan repayments may rise significantly in 2015, causing pressure on the króna, reports.

In the report, Central Bank Governor Már Guðmundsson writes that steps towards unwinding the capital controls are unlikely to be taken in the coming months.


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