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Gudrun Johnsen

Senior researcher, Special Investigation Commission, Iceland
Gudrun JohnsenGudrun Johnsen

Gudrun Johnsen is a former senior researcher on Iceland’s parliamentary Special Investigation Commission and author of the book Bringing Down the Banking System: Lessons from Iceland, published in January 2014. Currently she is an assistant professor of finance at the University of Iceland and research associate in the Department of Private Law at the University of Oslo, Norway. Since March 2010 she has served as vice chairman of the board of directors at Arion Bank, Iceland, which has been built up from the ruins of the failed Kaupthing Bank.

Articles by this Author

  • The Distorted System: Iceland’s Lessons Yet To Be Learned
    by Anat Admati, Gudrun Johnsen
    “The truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but, there it is.” Winston ChurchillIn October 2008, 97% of the Icelandic banking sector collapsed in a matter of three days. The triggering event was the fall of Lehman Brothers, with the subsequent collapse of interbank lending, the fall in asset prices, and the evaporation of trust among financial market participants. Focusing on this trigger...

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