The former chief executive of one of Iceland's fallen banks has blamed regulators for the collapse of the country's financial system.

Tony Shearer ran the British-based bank Singer and Friedlander until it was taken-over by Iceland's Kaupthing in 2005.

He told Sky's Jeff Randall Live regulators failed to act on clear signs the Icelandic financial system was predicated on unprecedented levels of risk.

And he said it was "extraordinary" that the Financial Services Authority (FSA) did not do more to investigate the practices of Iceland's top banking executives.  26-Oct-09.

http://news.sky.com/skynews/Home/Business/Tony-Shearer-Tells-Skys-Jeff-Randall-The-FSA-Failed-To-Properly-Investigate-Icelands-Failing-Banks/Article. . .

Seven months after Iceland's banks went under, taking with them billions in British savings, relations between the two island nations look set to freeze over once more.

Earlier this month, Iceland's Prime Minister Johanna Sigurdardottir said she would propose accepting a £3.3bn loan from the UK and the Netherlands to recompense thousands of deposit holders who had their money in internet accounts at the failed lender Landsbanki Islands.

Yet the country's thousand year-old parliament, the Althingi, looks set to challenge that decision on Monday because of concerns that Iceland is not legally responsible for the lost funds.  26-Jun-09.

http://news.sky.com/skynews/Home/Business/Icelands-Parliament-And-Citizens-Unhappy-About-Receving-Loan-Proposals-From-UK-And-The-Netherlands/Article . . .

Nordic neighbours have stepped in to save Iceland, lending the struggling island £1.7bn to help it recover from economic meltdown.

The decision by Finland, Sweden, Norway and Denmark came after the International Monetary Fund announced it had approved £1.4bn support package for Iceland. 20-Nov-08.

http://news.sky.com/skynews/Home/Business/Iceland-Meltdown-IMF-And-Nordic-Neighbours-Lend-Nation-...

Around 200,000 Britons who had their savings frozen in the collapsed Icelandic internet bank Icesave are due to find out how they can start getting their cash back.

The vast majority of customers are expected to have their money returned to them by the end of this month - in time for Christmas shopping. 04-11-08.

http://news.sky.com/skynews/Home/Business/Icesave-Customers-Of-Collapsed-Icelandic-Internet-Bank-To-Find-Out-How-To-Get-Money-Back/Article

Many Icelanders are blaming Britain over the debt-ridden nation's mounting economic woes, according to reports. [Includes 'Iceland Meltdown' video clips at foot of page.]  02-Nov-08.

http://news.sky.com/skynews/Home/Business/Iceland-Blames-Britain-For-Adding-To-Nations-Credit-Crunch-Woes/Article/200811115140248?lpos=Business_First_Home_Article_Teaser_Region_1&lid=ARTICLE_15140248_Iceland_Blames_Britain_For_Adding_To_Nations_Credit_Crunch_Woes

Iceland will probably need "several billion" dollars more in financial assistance even after a proposed $2bn loan from the IMF, its prime minister has admitted. 24-Oct-08.

http://news.sky.com/skynews/Home/Business/Iceland-Needs-Billions-Of-Doll...