The FME has processed figures showing defaults by borrowers of depository institutions at the end of the 3rd quarter of fiscal year 2007. The figures show that the ratio of aggregate defaults to loans has decreased by about 0.1% from 0.6% at the end of 1st and 2nd quarter 2007 to 0.5% at the end of the 3rd quarter 2007.

On 1 June 2007, the Financial Supervisory Authority (FME) received a joint application from FL Group hf. and Jötunn Holding ehf for a permission to exceed the qualifying holding threshold of 32.99%