Iceland: Krona Float, Banking Collapse, and Capital Controls (2008-2011)

1. Glitnir rescue plan signals banking stress

   Sep 29, 2008Labels: Glitnir Bank, Iceland Government

   • UK Hansard
   • Wiki Crisis

2. Emergency law expands powers over banks

   Oct 6, 2008Labels: Iceland Parliament, Emergency Law

   • UK Hansard

3. Financial regulator takes control of Landsbanki

   Oct 7, 2008Labels: Landsbanki, Financial Supervisory

   • Landsbanki
   • UK Hansard

4. Kaupthing taken over as systemic collapse peaks

   Oct 9, 2008Labels: Kaupthing, Banking System

   • Kaupthing
   • Wiki Crisis

5. IMF approves Stand-By Arrangement for Iceland

   Nov 19, 2008Labels: IMF, Stand-By Arrangement

   • IMF PR

6. Capital controls formalized in new FX regulation

   Nov 28, 2008Labels: Capital Controls, Central Bank

   • CBI FX Reg
   • CBI Rules

7. FX rules clarified for investors and implementation

   Dec 9, 2008Labels: Central Bank, FX Guidance

   • CBI Q A

8. IMF notes delayed first review and policy alignment

   Aug 1, 2009Labels: IMF, Program Review

   • IMF 2009 1

9. Capital account liberalisation strategy announced

   Aug 5, 2009Labels: Liberalisation Strategy, Central Bank

   • CBI Strategy

10. First liberalisation stage allows new-investment exit

    Nov 1, 2009Labels: Liberalisation Stage, Foreign Investors

    • CBI Stage 1

11. Old–new bank split finalized, reshaping control problem

    Dec 31, 2010Labels: Old New, Bank Restructuring

    • BIS Speech
    • CBI Policy

12. Revised 2011 liberalisation strategy adopted

    Mar 29, 2011Labels: 2011 Strategy, Offshore Kr

    • BIS Speech
    • Iceland Review