The Serious Fraud Office is to meet with Icelandic investigators next month to discover whether there was any criminal wrongdoing in the collapse of Iceland's banking sector last year.

According to Financial Adviser's sister paper, the Financial Times, Richard Alderman, director of the SFO, is set to hold talks in London with Eva Joly, the French anti-corruption expert has been hired to assist the Icelandic investigation. . .

Zac Ghadially, associate financial adviser of London-based IFA Yellowtail Financial Planning, said: "The Serious Fraud Office does not have a great track record of doing anything so I am not sure what it will achieve in this investigation."  FT Adviser website - 20-Aug-09.

http://www.ftadviser.com/FinancialAdviser/Regulation/Regulators/News/article/20090820/5c7ee4ee-8b1d-11de-b346-0015171400aa/SFO-goes-to-Iceland-to-investigate-banking-collapse.jsp