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FSA’s annual assessment of Íslandsbanki’s capital requirement


The Financial Supervisory Authority of the Central Bank of Iceland carries out an annual assessment of risk in the operations of systemically important financial institutions by means of a Supervisory Review and Evaluation Process (SREP).

The Financial Supervisory Authority of the Central Bank of Iceland (FSA) carries out an annual assessment of risk in the operations of systemically important financial institutions by means of a Supervisory Review and Evaluation Process (SREP). The process involves an assessment of the capital requirement for financial institutions which results in an additional capital requirement under Pillar 2.

The conclusions of this annual process for Islandsbanki have now been made available. The Bank shall from 1 July 2022 maintain an additional capital requirement of 2.6% of risk-weighted assets, which is an increase of 0.1 percentage points from the previous assessment. The Bank’s total capital requirement, taking into account capital buffers, therefore increases from 17.8% to 17.9%.