A report regarding the estimate of the worth of artwork owned by the banks will be ready before the refinancing of the banks will be completed, according to Minister of Education, Katrín Jakobsdóttir. Mbl.is reports this today.
The estimation has yet to be completed, but presently, very large art collections are owned by the banks. Now, an evaluation is being undertaken, for example, determining which works are national treasures, before the banks will again be deregulated.
Source: ICELAND REVIEW ONLINE. July 24, 2009