(undated conversation reported in The Times)

AD: Thank you for taking the call. As you know we have a huge problem with Landsbanki, we have a branch here, which has got £4 billion worth of deposits and it has now been shut and I need to know exactly what you are doing in relation to it. Could you explain that to me?

ÁMM: Yes, this was explained in a letter we sent the night before last from the Trade Ministry. Since then we have set out a new legislation where we are prioritising the deposits and were we are giving the FME, the Icelandic Financial Services Authority, the authority to go into the banks, similar legislation to what you have in England and the Landsbanki is now under the control of the FME and they are in the process of working out how to do these things but I think this legislation will help in solving this problem. 24-Oct-08.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5005915.ece