Good neighbours



The year so far has been something of an annus horribilis for Iceland. With fears over the prospects its three largest banks - Glitnir, Kaupthing and Landsbanki - the value of the Icelandic krona plummeted, and government intervention to address the issue had limited impact.

At the end of March, five-year credit default swaps for Kaupthing had risen to 1139.7 basis points, while equivalent protection for Glitnir and Landsbanki cost 1026.6bp and 850bp, respectively. The banks have fallen victim to

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Smarter trading in a fragmented world

FX Week recently hosted a webinar in partnership with Refinitiv to ask foreign exchange industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped forex markets in Asia

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