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Central Bank of Iceland

Central Bank and Financial Supervisory Authority Merge

The Central Bank of Iceland and the Financial Supervisory Authority officially merged into a single institution as of the beginning of this year. The Central Bank is now responsible for financial supervision entrusted by law to the Financial Supervisory Authority.

The Central Bank’s operations are housed in two main locations: Kalkofnsvegur 1 and Katrínartún 2 in Reykjavík. The institution plans to eventually house all operations at Kalkofnsvegur, and plans for the physical merger are already underway.

The Central Bank had 170 staff members and the Financial Supervisory Authority 120. Now all 290 are employees of the new Central Bank.

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