Latest articles from Iceland

Iceland makes capital markets return

August 1, 2011

As Iceland comes back from financial collapse with the help of an austerity programme and support from the International Monetary Fund, it is now looking to return to the international capital markets with a $1bn, five-year benchmark transaction. 


Icelandic banks still waiting for the thaw

August 1, 2011

A successful sovereign bond issue in June 2011 indicated that Iceland is gradually returning to financial normality after the collapse of its banking sector in 2008. But the three large banks that defaulted are still mired in controversy.

Iceland shows challenges of cross-border regulation

August 1, 2011

The passporting of financial services across the EU was a much-lauded part of the creation of a single European market. At least until the financial crisis.

Olafur Ragnar Grimsson, president of Iceland

Iceland's President says the country's new banks performing well

December 8, 2010

Iceland has come through a disastrous banking crisis and its president maintains that the country's new institutions are serving the economy well, despite the ban on them making overseas investments. Writer Spencer Anderson

Jóhanna Sigurdardóttir

October 5, 2009

Nowhere was hit as hard by the credit crisis as Iceland, but as the country rebuilds its economy and banking sector, it is determined to learn from this harshest of lessons.

Out with the old

March 10, 2009

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.

After the thaw

March 10, 2009

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.

Fragile system under pressure

July 1, 2008

An investigation into the credit default swaps market is adding to the Icelandic banking system’s woes, but banks’ soundness and international reach should help them once the storm is over, writes Silvia Pavoni.

Back on an even keel

July 4, 2007

Iceland’s banks insist they have addressed concerns raised over low deposit ratios, a lack of communications and their use of capital markets. Silvia Pavoni reports.

Landsbanki’s dandy Yankees

October 2, 2006

When Landsbanki was criticised for its short-term financing risk, it decided to win back its reputation with two bond issues in the US. Edward Russell-Walling reports on an Icelandic success story.

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