Oddsson Called Before Trade Committee Skip to content

Oddsson Called Before Trade Committee

The trade committee of Iceland’s Althingi parliament decided yesterday morning to call Central Bank governor and chairman Davíd Oddsson to a meeting to inform the committee on why Britain used anti-terrorism legislation against Icelandic banks.

In his speech at a Chamber of Commerce meeting on Tuesday, Oddsson indicated that he had information, which apparently no one else in Iceland has, on the implementation of the anti-terrorism legislation by British authorities on October 8 in order to freeze the assets of Icelandic banks in the UK, ruv.is reports.

Árni Páll Árnason, MP for the Social Democrats and member of Althingi’s trade committee, suggested that Oddson be called before the committee at its meeting next week, reasoning that it is important that officials reveal all knowledge they might have on this matter.

Árnason would also like Oddsson to explain the Central Bank’s work methods in relation to its report on financial stability published in May this year, commenting that Oddsson’s speech raises questions on the reliability of the bank’s work methods.

“Either the Central Bank did not have the knowledge which it now purports to have had in May or the nation was provided with some strangely prepared information in the report on financial stability in May,” Árnason concluded.

Copyright of photo, of Davíd Oddsson speaking at a recent occasion at the Central Bank: Icelandic Photo Agency.

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