Study on the financial crisis in Iceland Financial essay
The Icelandic banking crisis, which was the largest ever in terms of asset failures to GDP, has provided several important lessons for international regulators, according to a new report. The global financial crisis has been going on for a while, but only really started to show its efforts over time. During this period, global stock markets have fallen, major financial institutions have collapsed or been bought up, and governments in even developed countries have had to bail out. But in Iceland, after the commission's report revealed the banks' shocking details, the shortcomings allowed the special prosecutor to file charges. 3. Use of.