What is Iceland's Financial Supervisory Authority? Iceland's Financial Supervisory Authority Review, Features

The Icelandic Financial Supervisory Authority is the government agency responsible for regulating the financial sector in Iceland.

About the Icelandic Financial Supervisory Authority

Icelandic Financial Supervisory Authority (FME).

The FME is the government agency responsible for financial sector regulation in Iceland, overseeing the business activities of commercial banks, savings banks, credit institutions and securities trading institutions.

Services of the Icelandic Financial Supervisory Authority

The agency is jointly supervised by commercial banks, savings banks, insurance companies, insurance brokers, credit institutions (investment banks and credit card companies), securities firms, securities brokers, mutual fund and pension fund management companies and other entities authorized to accept deposits.

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The current Director of the Icelandic Financial Supervisory Authority is Ms. Unnur Gunnarsdóttir. The first Director was Pall Gunnar Palsson, who worked from 1999 to 2005. The agency was established in 1999 and is located in Reykjavík. In 2009, it had 75 employees.