Iceland's central bank and regulator still lack the formal and legal structures necessary to properly oversee the country's banks, Már Guðmundsson, its governor, said in a television interview on Friday.

In an exchange confirmed by the central bank, Guðmundsson was asked whether there could be another unanticipated collapse in the financial system, to which he responded: "I think it is possible to see some signs [of a crash], but we certainly don't have the information we should. So yes, a bank