Iceland Crisis Report: What Comes Next? Skip to content

Iceland Crisis Report: What Comes Next?

The Special Investigative Commission (SIC), which yesterday presented a 2,000-page, nine-volume report on the causes of the banking collapse of October 2008, has not yet completed its work. Projects will now be passed onto other committees.

The SIC members present their findings during yesterday’s press conference. Photo by Geir Ólafsson.

A committee with nine MPs, whose role it is to make proposals on how the Icelandic parliament, Althingi, is to react to the report, met with the SIC today at 9 am, Morgunbladid reports.

A committee of independent specialists, led by Gunnar Helgi Kristinsson, will evaluate the report’s chapters where accusations on violations within the administration are made.

However, the committee of MPs will decide whether Althingi is to file charges against the ministers accused of negligence and whether a High Court (landsdómur) is to be summoned.

Atli Gíslason of the Left-Greens is the committee’s chairman. He is not prepared to comment on whether it is likely that a High Court will be summoned.

“We, the members of the committee, will not express our opinions on individuals mentioned in the report. It could spoil the case if we take a position beforehand,” Gíslason said. “However, it will be made public in a parliamentary resolution if we decide to submit such a resolution.”

The committee is to complete its evaluation in the current parliamentary session.

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