Was the Crash of an Icelandic Bank Icesave in the Netherlands Avoidable?
Was the Icesave fiasco avoidable? Introduction This article analyses both the risk management aspects that were known to all market participants and the risk management regulatory framework which existed prior to the Icesave approval by the DNB in May 2009. The aim of this analysis is to attempt to understand whether regulators and the DNB in particular exhausted all their means and analysed thoroughly all information available at the time of the granting of banking permission to Icesave in the Read More