Iceland’s “grossly negligent” central bankers caused collapse: report

Much awaited parliamentary report singles out seven individuals including Icelandic central bank’s governing board trio as responsible for 2008 collapse of banking sector


The three members of the Central Bank of Iceland's governing board were among seven senior figures responsible for the 2008 crisis which crippled the country's economy, according to a report released on Monday.

The report, only one chapter of which is now available in English, pins the collapse of the banks squarely on the seven, among whom David Oddsson, then-chairman of the Central Bank of Iceland's board of governors, and Ingimundur Fridriksson and Eirikur Gudnason, the board's two other

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ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

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