30-Mar-2016: Liquidators' Update, see Deloitte site

Who lied?

There is much talk in the Icelandic media these days over remarks made last week by two high ranking Dutch officials during a hearing by an investigative committee. One is the head of the Dutch National Bank [their central bank], and the other an official with the Dutch Financial Supervisory Authority. . . .

Evidently few people in Iceland seem to doubt that their claims are true. However, there has been much speculation over just who lied. Initially, it was to have been the head of the Central Bank here in Iceland [presumably Davíð Oddsson], then there were reports that it had been the heads of the Icelandic Financial Supervisory Authority. No one seems to know exactly who was responsible for conveying the misleading information.

Predictably, Oddsson went on the offensive trying to convince everyone that it wasn’t him – hauling out the old chestnut about how he tried to warn everyone in government about what was imminent months before the  collapse but nobody listened. Unfortunately, as pointed out in a Fréttablaðið editorial a couple of days ago, there is no documented evidence that Oddsson’s claims are true.  Iceland Weather Report website - 08-Feb-10.