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🇮🇸Iceland · EEA (non-EU)

Central Bank of Iceland

Central Bank of Iceland · Central bank
Reykjavíkcb.is
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FY2025 · as of 31 December 2025Published figures unless marked

Employees302whole institution · merged supervisor · FY2025
Annual budgetISK 10,368m (~€71m)operating costs · FY2025
Supervised entities53authorised firms under covered frameworks · end-2025 (19 financial institutions incl. 4 commercial banks (3 D-SIBs) + 2 EMIs + 2 PIs + 6 UCITS mgmt cos + 4 AIFMs + 20 registered sub-threshold AIF operators; ~96 across the full integrated remit incl. insurance, brokerages and pension funds)

Overview

The Central Bank of Iceland is unusual among European authorities: since its 2020 merger with the Financial Supervisory Authority, it houses monetary policy, financial stability and financial supervision under one roof, with a dedicated Deputy Governor for Financial Supervision and a statutory Financial Supervision Committee. As an EEA authority it applies the EU financial rulebook, including MiCA, and one Icelandic crypto-asset service provider appears in the ESMA register as of July 2026. In 2025 — the Financial Stability Committee's sixth year — the Bank ran SREP assessments including for the newer entrants indó, Teya Iceland and Skagi, alongside the three systemically important banks. Everything below is the Bank's own data, from its FY2025 annual report.

Central Bank of Iceland is an integrated central bank. The staff figure covers the whole institution, including monetary policy, currency and reserve management functions alongside supervision, and is not directly comparable with standalone supervisory authorities.

Regulated sectors

8
BanksPayment institutionsE-money institutionsInvestment firmsAsset managersCrypto-asset service providersInsurance companiesPension funds

Figures as published by Central Bank of Iceland for FY2025. Source: Central Bank of Iceland Annual Report 2025 (English). Data as of 31 December 2025. Supplementary: Governance page (English).

Leadership

3
Ásgeir Jónsson

Governorsince 2019

Björk Sigurgísladóttir

Deputy Governor for Financial Supervisionsince 2023

Tómas Brynjólfsson

Deputy Governor for Financial Stabilitysince 2024

Full board

Institutional model

FY2025
Integrated central bank + FSA
Merged 2020Whole-institution basis for any staff figure
Financial Supervision Committee
Statutory committee chaired by the GovernorIncludes the Deputy Governor for Financial Supervision; FSN in its sixth year of operation in 2025

Supervised entities (FY2025)

Systemically important institutions
3Arion Bank · Íslandsbanki · Landsbankinn; O-SII framework continued
SREP activity 2025
Included indó, Teya Iceland, SkagiAlongside the three O-SII banks, reported in the FY2025 annual report

Crypto / MiCA (EEA)

FY2025
MiCA CASPs (Iceland)
1ESMA register, July 2026

Notable 2025

Integrated model since 2020
One of Europe's few fully integrated central bank–supervisor models, dating from the 2020 FSA merger.
Board-level supervision representation
A named Deputy Governor for Financial Supervision gives the supervisory function board-level representation inside the central bank.
SREP covered fintech-era entrants
indó, Teya Iceland and Skagi alongside the three O-SII banks.
EEA rulebook application
Third entry for the site's EEA filter: Iceland applies the EU financial rulebook, including MiCA, as an EEA member.

Key legislation

4
Act on the Central Bank of Iceland No 92/2019 (as amended 2020)

Central-bank statute — merged FSA in 2020

Act on Financial Undertakings No 161/2002

Banking / financial undertakings

Act on Payment Services No 114/2021

PSD2 transposition (EEA)

Icelandic MiCA implementation (EEA route)

CASP authorisation via EEA Joint Committee Decision

Registers, portals and publications

Application portals

CBI e-services

Recent publications

Central Bank of Iceland Annual Report 20252026-03-01
Data as of 31 December 2025 · Source: cb.is + ComplyBridge researchActivity Index methodology →