Capital outflows look manageable as Iceland moves to lift controls – central bank
Central bank analysis implies financial system will cope with lifted capital controls
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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