Thursday 14 November 2019
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brecorder - 1 month ago

Iceland’s central bank to reduce number of parties eligible to hold current accounts in bank

Only deposit-taking institutions including commercial banks, savings banks and Part A governmental institutions. The Bank considers it more consistent with its role as a central bank to channel interest rates through those financial institutions. The Central Bank of Iceland will reduce the number of parties eligible to hold current accounts with the bank, effective April [ ]


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