Cooperation Agreement between the Central Bank of Iceland and the Financial Supervisory AuthorityCooperation Agreement • January 10th, 2011
Contract Type FiledJanuary 10th, 2011The Central Bank of Iceland (the Bank) and the Financial Supervisory Authority (the FME) are required by law, according to Article 35 of the Act on the Central Bank of Iceland, no. 36/2001, and Article 15 of the Act on Official Supervision of Financial Activities, no. 87/1998, to conclude a cooperation agreement. The main objectives of the Central Bank of Iceland are to promote price stability and to contribute to a safe, effective financial system, including domestic and cross-border payment systems. The Financial Supervisory Authority shall attempt to ensure that financial activities in Iceland are in accordance with current regulatory provisions governing those activities and are consistent with sound, appropriate business practice in other respects, and it shall carry out monitoring and surveillance to this end.
Cooperation AgreementCooperation Agreement • January 6th, 2011
Contract Type FiledJanuary 6th, 2011The Central Bank of Iceland (the Bank) and the Financial Supervisory Authority (the FME) are required by law, according to Article 35 of the Act on the Central Bank of Iceland, no. 36/2001, and Article 15 of the Act on Official Supervision of Financial Activities, no. 87/1998, to conclude a cooperation agreement. The main objectives of the Central Bank of Iceland are to promote price stability and to contribute to a safe, effective financial system, including domestic and cross-border payment systems. The Financial Supervisory Authority shall attempt to ensure that financial activities in Iceland are in accordance with current regulatory provisions governing those activities and are consistent with sound, appropriate business practice in other respects, and it shall carry out monitoring and surveillance to this end.