A banking collapse that remained shrouded in secrecy because of court injunctions that prevented media coverage of what had happened has prompted new laws that may make Iceland one of the most open and transparent nations in the world.

Question

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Following the 2008 financial crisis, Iceland implemented reforms to increase transparency and reduce the possibility of a similar crisis happening again, making it one of the more open countries in terms of financial and governmental operations.

A Banking Collapse That Remained Shrouded in Secrecy Because of Court