Iceland was hit hard by the financial crisis in 2008. This article discusses the criminal case law handed down in Iceland following the collapse of the Icelandic banks in October 2008. As a result of the banking failure, important legislative measures were taken. A new office of a Special Prosecutor was established by law to deal with potential economic crimes committed during the years leading up to the collapse. The extreme nature of the banking failure paved the way for criminal proceedings. Moreover, as the banks had collapsed, they were not bailed out by the State. Rather, new banks were established under new management. This facilitated investigation. Three main categories of criminal behaviour have led to charges: insider fraud, market manipulation, and criminal breach of trust. The Supreme Court has pointed out that although the information might not, on its own, be held to make a significant difference for a reasonable investor, it may, when put in the context of a mosaic of other information, be deemed to have a significant impact on the share price. Market manipulation mostly concerned systematic manipulation of the share price of each of the banks, rather than a single event of manipulation. Reckless lending can be classified as criminal breach of trust. Criminal breach of trust was often the result of market manipulation, as banksʼ funds were put at enormous risk in order to finance the purchase of their own shares by lending to borrowers whose only substantial asset was often these same shares.

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冰岛银行业危机后的刑事诉讼

冰岛在 2008 年受到金融危机的重创。本文讨论了冰岛在 2008 年 10 月银行倒闭后颁布的刑事判例法。由于银行倒闭，采取了重要的立法措施。依法设立了一个新的特别检察官办公室，以处理在崩溃前几年犯下的潜在经济犯罪。银行倒闭的极端性质为刑事诉讼铺平了道路。此外，由于银行倒闭，国家并未对其进行救助。相反，新银行是在新的管理层下建立的。这为调查提供了便利。导致指控的犯罪行为主要有三类：内部人员欺诈、市场操纵和失信犯罪。最高法院指出，虽然信息本身可能不会对理性的投资者产生重大影响，但当放在其他信息的马赛克背景下时，它可能被视为具有重大意义。对股价的影响。市场操纵主要涉及对每家银行股价的系统操纵，而不是单一的操纵事件。鲁莽借贷可归类为刑事背信。违反信托的犯罪行为通常是市场操纵的结果，因为银行的资金面临巨大风险，以便通过向借款人提供资金购买自己的股票，而借款人的唯一重要资产往往是这些相同的股票。当放在其他信息的马赛克背景下时，被认为对股价有重大影响。市场操纵主要涉及对每家银行股价的系统操纵，而不是单一的操纵事件。鲁莽借贷可归类为刑事背信。违反信托的犯罪行为通常是市场操纵的结果，因为银行的资金面临巨大风险，以便通过向借款人提供资金购买自己的股票，而借款人的唯一重要资产往往是这些相同的股票。当放在其他信息的马赛克背景下时，被认为对股价有重大影响。市场操纵主要涉及对每家银行股价的系统操纵，而不是单一的操纵事件。鲁莽借贷可归类为刑事背信。违反信托的犯罪行为通常是市场操纵的结果，因为银行的资金面临巨大风险，以便通过向借款人提供资金购买自己的股票，而借款人的唯一重要资产往往是这些相同的股票。鲁莽借贷可归类为刑事背信。违反信托的犯罪行为通常是市场操纵的结果，因为银行的资金面临巨大风险，以便通过向借款人提供资金购买自己的股票，而借款人的唯一重要资产往往是这些相同的股票。鲁莽借贷可归类为刑事背信。违反信托的犯罪行为通常是市场操纵的结果，因为银行的资金面临巨大风险，以便通过向借款人提供资金购买自己的股票，而借款人的唯一重要资产往往是这些相同的股票。