Guðmundsson secures second term as Iceland governor

Már Guðmundsson, Central Bank of Iceland

Már Guðmundsson will on August 20 start his second five-year term as governor of the Central Bank of Iceland, winning approval for the role from Iceland's minister of finance and economic affairs Bjarni Benediktsson.

Incumbent Guðmundsson fended off a challenge from Friðrik Már Baldursson and Ragnar Árnason, who are both economics professors at the University of Iceland, with Árnason also sitting on the central bank supervisory board.

All three were on a short list of candidates, according to

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