At the vanguard of a new era in gender relations, a community which suffered a humiliating collapse during the global economic meltdown "has turned over key levers of finance to women", The Washington Post reports.

Iceland now has a female Prime Minister, and women lead two of its major banks.

"As the global financial downturn deepens, the first rumblings of a gender revolution are underway in an industry long controlled by men."

The equitable outcome is corporate management comprising agreement between women's and men's committees.

13 February, 2009