Central Bank of Iceland gains new powers as more controls lift
Legislative amendments launch next phase of capital account liberalisation
Iceland's parliament handed the country's central bank new powers to gather information on October 21, as it passed legislative amendments launching the next phase of capital account liberalisation.
The Central Bank of Iceland is now authorised to gather a larger set of information in support of price and financial stability, so as to better monitor the development of risks as capital account liberalisation moves towards completion.
"The information will help the bank to evaluate the situation
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