The International Monetary Fund (IMF) sent a message to the Icelandic government in April last year saying how important it was to react effectively against the problems of having a too-big banking sector with very light regulation in the country. Read the full story

Press release from the Prime Minister of Iceland

Mr Speaker, fellow Icelanders.

It can have escaped no one that our country is passing through a deep economic downturn. Within a very brief period, the government has had to act responsibly and determinedly, to keep the wheels of business and industry turning and to reinforce the security net for the nation’s households and families. Read the full story

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

Ingimundur Fridriksson Governor of the Central Bank of Iceland has prepared a paper about the banking crisis in Iceland in 2008. Read the full story

Following the lead of many other countries around the world, Denmark’s government has agreed to extend a 100 billion kroner (USD 17.8 billion) credit line to the nation’s banks. The new bill will be presented to parliament this week, where it is expected to speedily pass and come into effect in February. Read the full story

Alandsbanken of Finland has signed a contract to buy Kaupthing Sweden. The deal includes all of Kaupthing Bank’s Swedish operations, excluding its corporate lending wing. Read the full story