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This technical note analyses the key aspects of the regulatory and supervisory regime for pension funds in Iceland …. Pension funds in Iceland play a vital role in the domestic financial sector, acting as investors and lenders. This Financial …
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Iceland was the first developed economy to fall into crisis in 2008, with the collapse of its banking sector, currency … value, and economy. The collapse threw Iceland into a political crisis and provoked a serious international dispute between … Iceland and Britain and the Netherlands over responsibility for the failed banks. Prior to 2008 Iceland had been treated as …
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In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European...
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