Iceland: Crisis? What crisis?
Ignorant analysts
Iceland’s finance minister: What went wrong and what comes next
“We monitor the banks’ various parameters on a monthly, quarterly and half-yearly basis and in our view they are well capitalized, have strong credit quality and have slowed the pace of their acquisitions and their credit growth recently. They have not exceeded any guidelines or broken any rules.”
One of the FME’s main tools in keeping banks on the straight and narrow are its stress...
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