About Central Bank of Iceland
The Central Bank of Iceland is an independent state-owned institution under the Prime Minister. The Bank’s goal is to promote price stability, financial stability and sound and secure financial operations. The Bank shall also carry out tasks that are consistent with its role as central bank, such as preserving foreign exchange reserves and promoting an efficient and secure financial system, including payment intermediation in Iceland and abroad.
As of 1 January 2020, the Central Bank will carry out the tasks entrusted to the Financial Supervisory Authority by law and government directives, and the Financial Supervisory Authority is part of the Central Bank. The Bank shall monitor that the activities of regulated parties are in accordance with law and government directives and in other respects in accordance with sound and normal business practice… Continue reading about Central Bank of Iceland here.