Central Bank of Iceland, Financial Stability 07

The Central Bank of Iceland published its Financial Stability report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity positions than a year ago.

The major commercial banks have a diversified income base that extends to many countries. Another advantage is the somewhat different business models they have used in their expansion. Their diversified assets give less

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