Much awaited parliamentary report singles out seven individuals including Icelandic central bank’s governing board trio as responsible for 2008 collapse of banking sector
More Landsbanki articles
Isda is providing protocols to amend CDS paperwork before the settlement auctions for Iceland’s defaulted banks
The International Swaps and Derivatives Association on Wednesday confirmed that the Icelandic government’s takeover of Landsbanki on October 7 and its acquisition of a 75% stake in Glitnir Bank on September 29 constitute technical credit events.
Fears over the strength of the Icelandic banking system have caused the krona to plunge, prompting the country's central bank to hike interest rates to record levels. The initiative seems to have worked, with the currency rebounding and credit spreads...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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