New report on the Icelandic financial sector

Iceland Chamber of Commerce published a new report on the Icelandic financial sector at a conference held in London today. The report is called “The Internationalisation of Iceland’s Financial Sector” and was written by Professor Richard Portes from London Business School and Professor Fridrik Már Baldursson from University of Reykjavik in collaboration with Frosti Olafsson, Iceland Chamber of Commerce Chief Economist.

In the report the authors analyse the extent of economic imbalances in Iceland and the potential effect on the financial system, as well as the development of Iceland’s financial sector since February 2006. The executive summary of the report can be found here and the full report can be found here.

Professor Portes presented the findings at the luncheon today as well as opening the floor to questions from the audience. Close to 200 guests attended the meeting, mostly investors, stakeholders and financial analysts. Guest of honour was Prime Minister Geir H. Haarde which addressed the meeting.

Professor Richard Portes is the President of the Centre for Economic Policy Research (CEPR) at London Business School and a leading world authority on International Finance and Macroeconomics. The Iceland Chamber of Commerce hopes that the reports will help shed a light on the uniqueness of Iceland’s financial system and the economy as a whole. The publication is a part of the Chambers effort to strengthen information flow and enhance transparency of the Icelandic economy in an international context.

Professor Richard Portes presentation.

The Internationalisation of Iceland‘s Financial Sector.

Printed copies can be ordered at the Iceland Chamber of Commerce via email: or telephone: +354 510 7100.

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