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
The Natural History of Iceland in an 1870 issue of "Notes and Queries": Although the contributor to "Notes and Queries" remarked that "Horrebow's chapter is ... not so ridiculous as generally supposed", the earlier English translation of the chapter is still much better-known. The phrase "snakes in Iceland" is listed in the "Oxford English Dictionary", where it is traced to the 1758 translation and defined as "something posited only to be dismissed as non-existent". The Natural History of Iceland The Natural History of Iceland () is a natural history of Iceland by Danish lawyer Niels Horrebow. It was first published in Danish in 1752 with