Capital outflows look manageable as Iceland moves to lift controls – central bank


Iceland's financial system appears ready for the next stage of lifting capital controls, which is already on its way through parliament as a legislative bill, the Central Bank of Iceland said on August 22.

The central bank conducted a stress test of banks and investment funds, which are likely to see depositors and investors move chunks of their funds overseas when Iceland makes a major move towards lifting controls later in 2016.

The government is currently considering a bill that would lift

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