Íslandsbanki publishes Risk Book 2010
Íslandsbanki has for the first time published a special report with additional details on risk management and risk assessment: Risk Book 2010. This report's publication is part of the bank´s fulfilment of Pillar III of the Basel II Framework and modelled on the practice of many overseas banks.
The Risk Book is intended to increase transparency on the bank's risk, e.g. risk relating to changes in the value of assets, debt composition and other risks in the bank's day-to-day activities, and thereby provide the market with better and more detailed information on the bank's risk profile. In particular, the report provides more detailed information on the loan portfolio and deposits than previously published.
Íslandsbanki has also endeavoured to shed further light on the asset restructuring process and aims to publish this report annually and to develop this disclosure further over time.
The Risk Book can be downloaded at islandsbanki.is/riskbook