Bjorgvin G. Sigurdsson, Iceland’s Minister of Commerce has resigned from his post. At the same time he announced that the director of the Icelandic Financial Supervisory Authority, Jonas Fr. Jonsson and the board of the institution are stepping down also. Sigurdsson stated that with this he is shouldering his share of the responsibility for the financial crisis. He also acknowledged that others bear responsibility as well.
Mbl.is reports: Bjorgvin said this decision was made last night and at the same time decided that the board and director of the FSA would have to resign also. This morning he informed the chairman of the board, Jon Sigurdsson, of his wish that the board should sack the director and that the board should then resign as well. Chairman Sigurdsson promptly turned in his resignation.