Main content

Iceland Jails Its Bankers

Iceland's special prosecutor Olafur Hauksson recalls jailing around 40 bankers for their part in the 2008 global economic crisis.

The 2008 global economic crisis hit hard in Iceland. Its three major banks and stockmarket collapsed and it was forced to seek an emergency bail-out from the IMF. But unlike many other countries affected by the global downturn, Iceland decided to prosecute its leading bankers. Around forty top executives were jailed. Mike Lanchin has been hearing from Special Prosecutor, Olafur Hauksson, who led the investigations.

(Photo: Protesters on the streets of Reykjavik demand answers from the government and the banks about the country's financial crisis, Nov. 2008. (Halldor Kolbeins/AFP/Getty Images)

Available now

9 minutes

Last on

Mon 11 Feb 2019 13:50GMT

Broadcasts

The World War Two collection

The World War Two collection

Looking back at almost six years of global conflict, from Hiroshima to the Holocaust

The Witness History podcast

The Witness History podcast

Every programme, to download and keep

The Russian Revolution

The Russian Revolution

From the Bolshevik takeover of 1917 to the break-up of the Soviet Union

When animals made history

When animals made history

Events from history when animals took centre stage

Great moments in Olympic history

Great moments in Olympic history

Stories of endurance, world records and remarkable athletes

African history collection

African history collection

The communities, politics, leaders and events that have shaped Africa

Podcast