Efnisyfirlit

• THE RETURN OF TRUST? INSTITUTIONS AND THE PUBLIC AFTER THE ICELANDIC FINANCIAL CRISIS
• Contents
• Foreword
• Editors’ Introduction
• Part I: The Situation
• Chapter 1: Restoring Confidence in the Aftermath of Iceland’s Financial Crisis
• Introduction
• Collaboration with International Institutions
• The IMF Programme
• EU Membership
• The Icesave Dispute
• Internal Matters
• The Special Investigation Commission
• A New Constitution
• Bankers Go To Jail
• Monetary and Fiscal Policies
• Monetary Policy
• Fiscal Policy
• Concluding Comments
• Acknowledgements
• References
• Chapter 2: Discursive Control Using Emotion and Economics During a Financial Crisis
• Introduction
• Using the Concept of Focussed Discourse in CDA
• A Model of the Development of Focussed Public Discourse
• Icelandic Banking and the Danish Challenge of 2006
• Method
• Analytical Approach and Results
• Illustrating and Analysing the Networks
• Measures Used for Quantitative Analysis
• Results
• Discussion: Implications for Citizen Understanding During a Crisis
• Conclusion
• Acknowledgements
• References
• Chapter 3: Public Trust in Institutions in Pre- and Post-Crisis Iceland (I): Take the Lift Down, But
• Introduction
• Data and Methodology
• Development of Trust: An Overview
• Trust in Elected Representatives
• Overview (see Fig. 2)
• Details
• Trust in the Financial Sector
• Trust in Law-Enforcement Agencies
• Trust in Social Service Organisations: National Church, Higher Education and the Health Care System
• Conclusions
• Acknowledgements
• References
• Chapter 4: Trust: Some Questions from a Layperson
• References
• Part II: Responses
• Chapter 5: ‘Not Just Crying About the Money’: Iceland and Globalisation During Boom and Crisis
• Introduction
• Iceland’s Economic Boom as an Economy of Trust and Collectiveness
• The Production of Ignorance
• The Economic Crash as a Breakdown of Trust
• Politics, Globalisation, the Panama Papers and Trust
• Discussion and Conclusion
• References
• Chapter 6: Restoring Trust in Iceland: Iceland’s IMF Programme
• Introduction
• Heterodox Policies
• Capital Controls
• Banking Policy
• Icesave Dispute
• Fiscal Consolidation
• Insolvency Framework
• How Successful was the IMF Programme?
• References
• Chapter 7: A Question of Trust: The Story of ­Reykjavík Energy
• Trust and Credibility
• Reykjavík Energy
• Loss of Trust
• Reykjavík Energy in the Financial Crisis
• Challenges Follow
• Report of the Evaluation Committee on the Position of Reykjavík Energy
• In Every Challenge an Opportunity Arises
• The Plan
• Strategy and Values
• Unbundling
• Spotlight
• ‘Steer into the Future’
• Acknowledgements
• References
• Chapter 8: Public Trust in Institutions in Pre- and Post-Crisis Iceland (II): Institutionalised Mist
• Introduction
• Public Accountability and Public Trust in International Academic Research
• Icelandic Research on Trust and Accountability
• Discussion: Institutionalised Mistrust and Adding Insult to Injury
• Adding Insult to Injury
• Conclusions
• References
• Part III: Moving Forward
• Chapter 9: Have Icelanders Learned Their Lesson? The Investigation of the Icelandic Collapse and its
• Introduction
• Part I
• Part II
• References
• Chapter 10: Trust and Financial Services: The Impact of Increasing Digitalisation and the Financial
• Introduction
• Trust and its Impact in the Context of Financial Decision Making
• Current Trends in Financial Services
• Crowd Investing (Oehler, 2016b; Wendt, 2016a, 2016b)
• Social Trading (Oehler et al., 2016a)
• Robo-Advice (Oehler, 2016a; Oehler, Horn, & Wendt, 2016c)
• How to Establish Trust in Digitalised Financial Services?
• Information about Financial Products and Services (Oehler & Wendt, 2017)
• Data Protection and Privacy (Oehler, 2016a)
• Liability (Oehler & Wendt, 2017)
• Conclusions
• References
• Chapter 11: Post-Crisis Regulation and Supervision of Icelandic Banks
• Introduction
• Changes in Regulation and Supervision since the Crisis
• Global Reform of Prudential Requirements
• Further Domestic Reforms
• Forward-Looking and Risk-Based Supervision
• The Current State of the Icelandic Banks
• Criminal Charges and Sentences
• Trust is Returning, Albeit Slowly
• Conclusion
• References
• Chapter 12: Restoring Trust Through Improved ­Corporate Governance and Adherence to Gender Quotas
• Introduction
• Interviews
• Gender Diversity in Iceland and Within the Corporate Board
• The Consequences of the Financial Crisis in 2008 for Boards
• The Shift in View: Practices and Procedures in Financial Sector Boards
• Corporate Governance Codes
• Development of Independence and Gender Diversity Corporate Governance Codes
• Changes in Legislation
• Gender Quotas – Law 13/2010 and Its Perceived Effects
• Final Words and Reflection
• References
• Chapter 13: Governance Mechanisms Post-Crisis
• Introduction
• Structural Remedies Advanced by the Government after October 2008
• The Emergency Act of 2008
• The Special Investigation Commission
• Referral to the European Court of Justice, Case E16/11 (European Free Trade Association Court, 2013)
• Cascading Effects of the Supreme Court Decisions
• Restructuring the Banks in Society
• Restructuring the FSA
• Rebuilding Trust: Where to From Here?
• References
• About the Authors
• Index