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Documents commissioned by the Special Prosecutor for the Iceland and perceived by the Sunday Telegraph suggest Glitnir operated under the legal limits of ratios of fit at the end of 2007. A second report for the Office of the Prosecutor contends that Landsbanki also violated the conditions of its banking license at the end of 2007.

At least 12 filed British boards are between ￡ 5 m and 1 m ￡ to Glitnir after this point and advice Colombia British at least 52 put their money in Landsbanki in 2008.

Thousands of people have also put the Landsbanki silver Icesave account after this point. A bailout of the UK Treasury followed for deposits of more than 22 €000 (￡ 18,400).

Both reports are essential Commissioners to the accounts of the Landsbanki and of Glitnir, the Icelandic branch of PricewaterhouseCoopers (PwC), arguing that he should have identified set statements.

Reynir Vignir, Associate Director of PwC in Iceland, said: "we have recently received a copy of a report prepared for the Icelandic Special Prosecutor concerning the banking crisis and examine its contents.

"While we are not able to comment on the content of the report, it would seem we that reporting of the findings in the report, for the moment at least, are not a complete and accurate picture."

"PwC Iceland is very pleased to cooperate with inquiries of the public prosecutor and is convinced of the quality of audits begun Glitnir and Landsbanki."

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'Aussie' capture rising economic displacement centre world of gravity toward the Pacific region. It was worth half a dollar nine years ago. Photo: AFP

When long-awaited "triple equity" seems Swiss franc imminent.Le is already worth more than a ticket and Canadian dollar apparently poised to penetrate as well.

Rising "Aussie" - widely considered to be a play on the growth of China's history and used by merchants as a proxy for the Chinese yuan - capture the economic mobility centre world of gravity toward the Pacific region.The money was worth half a dollar, just nine years ago.

"Australia says Reserve Bank the economy is now subject to great expansionary terms of trade shock and was relatively modest amounts of capacity réserve.Le risk of inflation increased again in the medium term remains".

Taken by surprise move markets.Credit growth has been cool these past few weeks and inflation is always just the 8pc 2 - to 3 1pc United Kingdom- but the Bank is concerned about the risk of a wage spiral.

HSBC said exporters of commodities and emerging markets such as the Australia opt "of quantitative restrictions" to compensate for the effects of quantitative liquidity facilitate in the United States, thereby causing an influx of money in economies growing rapide.Plusieurs States are playing with capital controls.

Central Bank of the India has also strengthened, raise the rate by a quarter point to 6 25pc.It has imposed draconian housing borders to reduce the "excessive leverage" and prick the bubble, limiting mortgages 80pc of property values.

It reacted with too little too late.

"Interest rates have been negative in real terms of 26 months and strongly negative for several months," said Bhandari Maya of Lombard Street Research.

"Inflation is 9 8pc and will get worse as QE2 fed pushes food prices, a quarter point rate rise will not make a big difference."They are based on administrative measures ' instead of doing what they should do," she says.

Ms. Bhandari said that the authorities had let rip with a "huge monetary and fiscal boost" before the elections in May 2009, leaving a legacy of returning now to hanter.Le deficit of the central budget and combined state - including subsidies on fuel - overheating is almost 11pc GDP.

Team of money-HSBC said that the Australian dollar can be nearly at its peak. "A concern relates to the view of deflation of Chine.Cela property bubble may happen slowly, but if not, the Australian did not avoid the retombées.Une sharp drop in Chinese property prices could very well make a deep review of bubble property the Australia and Australia banks, "they wrote in a client note."

Report says lenders the Australia depend on funding from abroad to support internal explosion in the country, creating a risky incompatibility liabilities. "Rational or irrational, it could turn very sour .the ' appearance of party defined Aussie soon coming to an end, "he said."

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