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 of Iceland the ICRU's assignments, all of its members receive basic infantry combat training. This training has often been conducted by the Norwegian Army, but the Coast Guard and the Special forces are also assigned to train the ICRU. Most of the ICRU's camouflage and weaponry is procured from abroad, with some indigenous development. Some arms and uniforms are also borrowed from the Norwegian Defence Forces. The formation and employment of the unit has met controversy in Iceland, especially by people to the left on the political scale. In October 2004, three ICRU soldiers were wounded in a suicide bombing in Kabul.