The most recent briefing of the Legatum Institute's Special Trade Commission (STC) discussed the specific case of the capital controls regime in Iceland
and its current period of amendment, which represents a key distortion in EFTA markets’ financial services regulation.
In conversation with Molly Kiniry, Shanker Singham, Director of Economic Policy and Chairman of the Special Trade Commission and Iain Martin, editor of Reaction.life, discussed the history of capital controls in Britain, and the methods by which the Icelandic government could act quickly and decisively to remove capital controls and restore investor confidence in the country.
About the Legatum Institute Special Trade Commission
The Legatum Institute Special Trade Commission (STC) forms part of the Economics of Prosperity programme. It seeks to re-focus the public discussion on Brexit towards a positive conversation about potential opportunities, rather than challenges, while presenting empirical evidence of the dangers of not following an expansive trade negotiating path. The STC and its commissioners will draw upon the talent of experienced former trade negotiators from the US, Canada, Mexico, Australia, New Zealand, and Singapore, among other nations. The STC will host a number of public briefings that offer advice to key stakeholders on EU negotiations.
- Frozen Capital: How to Boost Iceland's Economy, Shanker Singham, Reaction.life [View]
- Post-Brexit Briefing: Financial Services, September 2016 [Details]
- Launch of the Legatum Institute Special Trade Commission, July 2016 [Details]