IMF warns Iceland over bank privatisation and housing market

Iceland’s authorities should deal with concerns over bank privatisation, financial regulation and an overheating housing market, an International Monetary Fund staff report says.

The IMF published the findings of its most recent Article IV mission to the Nordic country on June 27. Its staff specifically mentioned concerns about the privatisation of one of Iceland’s major banks, Íslandsbanki, one of three state-owned banks created after the 2008 financial crisis.

At a March sale of shares in

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