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.
Western Europe
Latest articles from Iceland

Icelandic banks still waiting for the thaw
August 1, 2011A 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, 2011The 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.

Iceland's President says the country's new banks performing well
December 8, 2010Iceland 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, 2009Nowhere 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, 2009The 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, 2009The 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, 2008An 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, 2007Iceland’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, 2006When 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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