Iceland and the International Monetary Fund was to stem capital outflows, to restore confidence in the Icelandic economy and to thus stabilize the Icelandic Krona (ISK) 2008–2011 Icelandic financial crisis. Measures adopted by Iceland included an emergency nationalization of the failing banks, a vote of the Icelandic parliament gave the FME (Icelandic Financial Supervisory Authority) broad authority over the insolvent banks. FME proceeded to audit these banks and to split their assets. Measures were also introduced to increase the minimum capital adequacy ratio of the banks to 10% as a part of the effort to re establish confidence in the economy. As a part of these
Military history of Iceland its services under the command of the Coast Guard or National Police. To save money and to restore the primary role of the Icelandic Coast Guard in defense, the Defence Agency was shut down on January 1, 2011. Iceland Air Meet 2014 hosted NATO and other Nordic countries for the first time. Military history of Iceland This is a brief overview of historical warfare and recent developments in what today constitutes the Republic of Iceland. In the period from the settlement of Iceland, in the 870s, until it became part of the realm of the Norwegian King, military defences of