Icelandic central bank, regulator ink deal to collaborate
An agreement signed Thursday by Central Bank of Iceland and the country's Financial Supervisory Authority (FME) will see the central bank cooperating with the regulator on all of its supervisory tasks.
The two bodies will work together on risk assessment in four areas – foreign exchange, funding, settlement and payment intermediation and micro/macro – in which their oversight work already overlaps. The FME will maintain sole charge of credit, market and operational risk supervision.
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