Central Bank of Iceland
Hoskuldur Hlynsson has a wide range of experience in risk management, security, and data governance. Hoskuldur is currently serving as the Chief Risk Officer and Chief Security Officer at the Central Bank of Iceland since 2022. Prior to that, they worked at Arion banki as a Security Officer and Data Officer from 2016 to 2022. Before that, they were a Senior Consultant at SAS, where they implemented risk management systems for financial services from 2014 to 2016. Hoskuldur also worked as a Senior Analyst at Analytica ehf, providing advice on finance, investment, and risk management from 2010 to 2013. Additionally, they served as a Senior Advisor in Corporate Finance and Head of Risk Management at Askar Capital, focusing on project finance valuation, treasury and risk management advisory, and Basel II compliance from 2007 to 2010. Hoskuldur started their career as an Independent Contractor, specializing in investment management systems architecture. Overall, Hoskuldur Hlynsson has a strong background in risk management and security, with experience across various sectors.
Hoskuldur Hlynsson completed their Bachelor's degree in Mathematics at Háskóli Íslands from 1996 to 1999. Hoskuldur then pursued a Master's degree in Computational Logic at the University of Amsterdam from 2004 to 2006. Earlier, they attended Menntaskólinn í Reykjavík from 1991 to 1996, but no degree information is available for this period.
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Central Bank of Iceland
The Central Bank of Iceland is an independent institution, owned by the Icelandic state. The principal objective of the Central Bank is to promote price stability. The Bank shall also promote financial stability. The Central Bank shall promote the implementation of the Government’s economic policy as long as it does not consider this inconsistent with its main objective of price stability. In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties, as specified in the Central Bank Act. The Central Bank of Iceland shall accept deposits from commercial banks, savings banks and other deposit institutions. The Central Bank may also accept deposits from other credit institutions. The Central Bank trades in foreign currency, acts as an intermediary in foreign exchange transactions, and conducts other foreign transactions. The Prime Minister appoints the Governor and Deputy Governor of the Central Bank for a five-year term. Decisions on applying the Central Bank's monetary policy control mechanisms shall be taken by the Monetary Policy Committee. In other respects, the Bank's direction shall be in the hands of the Governor. The Central Bank is ultimately under the administration of the Prime Minister and a Supervisory Board. Parliament elects seven members to the Supervisory Board after each parliamentary election. The Central Bank of Iceland was established by an act of Parliament in 1961, although the history of central banking in Iceland is much longer. The current Central Bank Act is no. 36/2001, cf. amendments.