A mammoth 2,300-page report compiled by a Special Investigation Commission for the Icelandic parliament heavily criticizes some of Iceland’s leading political figures and banking officials over the crisis that brought the country to the brink of insolvency.
The report, the result of a 15-month investigation, exposes failings in the financial system for the northeast Atlantic island nation. According to the BBC, it also details the inability of Icelandic authorities to make sure that depositors of Icesave were insured abroad. Icesave was an online banking arm of Iceland’s second-largest bank, Landsbanki, which did business in the U.K. and Netherlands.
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