The new chief executive of Iceland’s recently nationalised Kaupthing Bank, Finnur Sveinbjörnsson, spoke to Charlie Corbett about what lies ahead for the nation’s crippled banking sector and how the government can restore its credibility.

The time for recriminations is over. Iceland’s political and financial system must be rebuilt, and fast, if it is to maintain the quality of life to which its people has become accustomed. EU membership is increasingly regarded as the only viable option but it will be hotly contested. Writer Charlie Corbett in Reykjavik.

Italian banks’ cautious approach has distanced them from the risky instruments and products at the heart of the economic crisis, yet prudence is more important than ever if they are to support the country’s ailing industries. Writer David Lane in Rome, Milan and Siena.

The retail banking industry in the UK has been unsophisticated and lacking in transparency for too long. Now is the time for the banks to move boldly and learn from other retail sectors. Writer Michelle Price.

Are French banks in a stronger position than others to weather the economic crisis? Probably yes, as their model, which is more stable and highly diversified, differs appreciably from that of other international players.

There has been plenty of talk globally about the need for banks to return to traditional values and operating models to avoid future financial turmoil. Malta is following this path and is reaping the rewards for its conservatism. Writer Michael Imeson.

Banco Santander’s capital raising last November was unexpected but investors responded surprisingly well. While Spanish banks have largely managed to avoid the fallout of the subprime crisis, the government is taking measures to ensure that any further global setbacks only have a minimal impact upon the country. Writer Jules Stewart.

The Dutch financial scene has undergone some fundamental changes in the past few months, including four nationalisations, the reversal of the predator/victim relationship in the Fortis/ABN AMRO takeover and injections of state capital into three other financial institutions. Writer Michael Imeson.

London’s role as a global financial centre has been damaged by the current crisis and the UK’s ruling Labour Party must bear some of the responsibility for this. However, there is a political consensus to remedy the situation.

Greece’s avoidance of complex banking products means it has weathered the downturn better than other European countries. Now it is stealing a march on bigger economies by expanding into its near neighbours. Writer Stephen Timewell.