The Central Bank of Iceland violated its rules of lending

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2013-03-09 (All day)

It is likely that the governor of the Central bank of Iceland and the prime minister, in 2008, [k]new about the serious situation Kaupthing bank was in and that there was serious risk involved in lending the bank 500 million EUR without a secure collateral.

This statement can be found in a new report from the parliaments Budget Committee about the loan that the Central Bank of Iceland extended to Kaupthing bank on October 6th 2008. ...