Central Bank of Iceland completes merger with regulator

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The Central Bank of Iceland completed its merger with Iceland’s financial regulator on January 2. The central bank now has responsibility for supervision and macro-prudential policy, as well as its previous monetary policy mandate.

“The merger gives rise to a strong and independent institution whose objective is to enhance trust, transparency and efficiency in the administration of economic affairs and financial supervision in Iceland,” the central bank said in a statement.

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