Day: March 10, 2006

An ad-hoc committee of six people appointed by the Central Bank of Iceland, the Financial Supervisory Authority (FME) and three ministries has submitted proposals on how to coordinate government actions in the event of a financial crisis.

Only four nations in the world, including three in Africa carry more debt than Iceland.

Iceland’s lone billionaire jumps up 138 places on the Forbes list. Bjorgolfsson is currently engaged in a boardroom battle for control of investment bank Straumur-Burdarás.