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Central Bank of Iceland
Central Bank of Iceland · Central bankActive
Employees
302
· whole institution · merged supervisor · FY2025FY2025
Annual budget
ISK 10,368m (~€71m)
· operating costs · FY2025FY2025
Supervised entities
53
· authorised 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)FY2025
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. This 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
Leadership
- Ásgeir JónssonGovernor · since 2019
- Björk SigurgísladóttirDeputy Governor for Financial Supervision · since 2023
- Tómas BrynjólfssonDeputy Governor for Financial Stability · since 2024
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).
Institutional model
| Item | Value |
|---|---|
| Integrated central bank + FSA | Merged 2020 Whole-institution basis for any staff figure |
| Financial Supervision Committee | Statutory committee chaired by the Governor Includes the Deputy Governor for Financial Supervision; FSN in its sixth year of operation in 2025 |
Supervised entities (FY2025)
| Item | Value |
|---|---|
| Systemically important institutions | 3 Arion Bank · Íslandsbanki · Landsbankinn; O-SII framework continued |
| SREP activity 2025 | Included indó, Teya Iceland, Skagi Alongside the three O-SII banks, reported in the FY2025 annual report |
Crypto / MiCA (EEA)
| Item | Value |
|---|---|
| MiCA CASPs (Iceland) | 1 ESMA register, July 2026 |
Notable 2025
| Item | Value |
|---|---|
| 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
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