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
Emergency Response Unit (IFRC) Sanitation" and "IT and Telecom" and are highly experienced. Canadian Red Cross units work in the fields of "Basic Health Care "and "Referral Hospital". German Red Cross units work in the field of "Basic Health Care", "Referral Hospital", and "Water and Sanitation". The following countries also have complete ERU-Units: Philippines, Belgium, Netherlands and Luxembourg, Denmark, Finland, France, United Kingdom, Italy, Japan, New Zealand, Norway, Sweden, Switzerland, Spain and the United States. Additionally, Australia, Croatia, Hong Kong, Iceland and Macedonia support relief efforts with trained staff members. Emergency Response Unit (IFRC) An Emergency Response Unit (ERU) is an international standardized disaster