Icelandic State Financial Investments (ISFI) is a state body with an independent Board of Directors which reports to the Minister of Finance. ISFI was established with Act no. 88/2009, which came into effect in August 2009. The Board of Directors of ISFI was appointed in September 2009 and the institution commenced work in January 2010.
ISFI manages state holdings in financial undertakings, in accordance with the law, good governance and business practices and the state’s ownership policy at any given time. It also allots funds to them on the state’s behalf, in accordance with Treasury budget allocations.
The main emphasis of ISFI's activities is on the restoration and reconstruction of a dynamic domestic financial market and to promote natural and effective competition in that market, to guarantee transparency in all decisions regarding the state’s participation in financial activities and ensure an effective dissemination of information to the public.