Althingi - Report of the Special Investigation Commission (SIC) Iceland's report into their own financial collapse

Report of the Special Investigation Commission (SIC)

The Special Investigation Commission (SIC) delivered its report to Althingi on April 12 2010. The Commission was established by Act No. 142/2008 by Althingi, the Icelandic Parliament, in December 2008, to investigate and analyse the processes leading to the collapse of the three main banks in Iceland. Members of the Commission are Supreme Court Judge, Mr. Páll Hreinsson, Parliamentary Ombudsman of Iceland, Mr. Tryggvi Gunnarsson, and Mrs. Sigríður Benediktsdóttir Ph.D., lecturer and associate chair at Yale University, USA.

The following is an English summary and excerpts of the report´s findings
	Chapter 2: Executive Summary Chapter 17: The Depositors’ and Investors’ Guarantee Fund and Deposit Guarantees in general Chapter 18: Deposits in Financial Institutions in Branches abroad Chapter 21: Causes of the Collapse of the Icelandic Banks - Responsibility, Mistakes and Negligence
Appendixes in English:
	Appendix 3: Mark J. Flannery: Iceland’s Failed Banks: A Post-Mortem Appendix 8: Mark J. Flannery: The importance of government supervision in producing financial services

via sic.althingi.is

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