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Representatives of the Financial Supervisory Authority of Iceland announced at a press conference yesterday that the authority has completed its investigation of cases connected with the banking collapse in 2008, which total 205.
Glitnir, one of the banks that collapsed. Photo: Páll Kjartansson/Iceland Review.
“It’s safe to say that the extent of violations was surprising,” commented Sigurveig Guðmundsdóttir, director of on-site inspections and securities, to reporters.
Around half of the cases, 103, were filed to the Special Prosecutor’s Office, four were concluded with administrative fines and 98 disallowed, Fréttablaðið reports.
Most cases that were filed to the Special Prosecutor, 47, concerned breach of trust, 22 concerned insider fraud and 18 market abuse.
Click here and here to read more about the Special Prosecutor’s cases.
ESA
A petition urging the government to reconsider a proposed bill, in which the terms of the law requiring fishing companies to pay a tariff for their use of Iceland’s fishing resources are to be changed, has been signed by more than 11,000 people.
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Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson is meeting with Prime Minister of Sweden Frederik Reinfeldt today, 
A three-meter long walrus was discovered on the shores by Eyri in the town of Reyðarfjörður in East Iceland yesterday.
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In 1915, women aged 40 and over were granted the right to cast a vote in all official elections held in Iceland.
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The 2013 June-July issue of Iceland Review is out. Themed ‘We Are Young’ the magazine celebrates the arrival of summer by interviewing young energetic Icelanders who excel in art, sports, business and politics—and Sigmundur Davíð Gunnlaugsson, the youngest PM in the republic’s history and the world’s youngest ruling state leader. Click here to take a look at a selection of the current issue and here to subscribe to the magazine.
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REVIEWS
amiina
The road to Höfn, a 1,690-person harbor town by the fjord Hornafjörður, is lined with reindeer. Whole herds of the wild horned animals rest peacefully on withered pastures, grace next to sheep and horses and bounce along the road. Soon, Vatnajökull, Europe’s largest glacier and the region’s biggest attraction, comes into view. Looming over Höfn, its outlet glaciers flow down from the mountains on which the bright white icecap rests.
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Sin Fang will celebrate the release of his third album with a release concert in Iðnó on June 12. Flowers was released in February by Morr Music and has been well received by music enthusiasts and critics alike. The concert will be supported by Vök, this year’s winners of the Icelandic Music Experiments.
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