Iceland's top regulator: evidence shows failed banks broke the law

kaupthing-headquarters

The Icelandic regulator has found evidence of widespread fraud and illegal activity that implicates some of the country's banks, including some of those that failed when the sector collapsed in the autumn of 2008.

Gunnar Andersen, the director-general of the country's Financial Supervisory Authority (FME), on Friday told CentralBanking.com that supervisors had referred 33 cases to the special prosecutor's office. "These are cases concerning supervised banks that involve market manipulation, fals

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: