Financial crises occur and play out, over and over again. Iceland's crisis was among the deepest. Openness afterwards makes the lessons from there extra interesting. A Norwegian sat in the eye of the storm: Svein Harald Øygard was summoned as temporary central bank governor after everything had collapsed. He had been Secretary of State in Norway during the banking crisis, and later global partner in McKinsey.

Svein Harald will tell about the start of the crisis and how everyone who studied the banks' accounts was wrong, while those who observed their behavior avoided loss. And about the dramatic crisis management and how Iceland, as the only crisis country, was left with growth and without debt, following a battalion of 20 of the world's 50 largest hedge funds.

Next, chief strategist Peter Hermanrud in Sparebank1 Markets will lead a conversation with Svein Harald about why it is so difficult to identify financial bubbles even when standing in the middle of them.

What danger signals from Iceland can be useful to take to try to identify the next financial crisis?

What risks are most threatening now in 2019 and how should an investor think about the threats and opportunities of the crises?

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