Iceland’s financial supervisory authority: Tight supervision
Iceland’s finance minister: What went wrong and what comes next
ICELAND UNDENIABLY EXPERIENCED a financial crisis earlier this year. A revision of its long-term sovereign rating outlook to negative by Fitch Ratings on February 22 prompted the krona to fall by more than 20% and spreads on sovereign and bank debt ballooned. Iceland’s leading politicians and bankers were required to step up and reassure investors that the country wasn’t in meltdown.
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