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%

The Financial Supervisory Authority in Iceland (FME) announced 12 November that it makes no remarks regarding Borse Dubai becoming an owner of a qualifying holding in OMX Nordic Exchange and the Icelandic Securities Depository.

The Financial Supervisory Authority in Iceland (FME) announced 27 September that it makes no remarks regarding NASDAQ becoming an owner of a qualifying holding in OMX Nordic Exchange and the Icelandic Securities Depository.

The Nordic Financial Crisis Exercise of financial authorities in the Nordic and Baltic countries has been completed. The authorities participating on behalf of Iceland were the Financial Supervisory Authority (FME), the Central Bank of Iceland and the Ministry of Finance.

The FME has processed figures showing defaults by borrowers of depository institutions at the end of the 2nd quarter of fiscal year 2007 and comparable figures for the preceding quarters.

The Financial Supervisory Authority, Iceland has granted Askar Capital, an operating licence (authorisation) as an investment bank , according to Article 4 of Act No. 161/2002 on Financial Undertakings.

CESR publishes second set of guidance on the implementation of the Market Abuse Directive.

The Financial Supervisory Authority, Iceland granted Straumur-Burðarás Investment Bank, an operating licence (authorisation) as a commercial bank.

The three Icelandic commercial banks and Straumur Burdaras Investment bank, all pass the regular stress test of the Icelandic Supervisory Authority (FME).

The profits of the Icelandic non-life insurance companies was about 19,5 billion ISK in 2006 compared to 20,2 billion ISK in 2005.

More than thirty foreign UCITS with ca. 240 sub-funds have notified to the Financial Supervisory Authority in Iceland their intentions to market their funds in Iceland.

Comment from Jónas Fr. Jónsson, Director General of the FME, in relation to an article on the half-year results of the Icelandic Commercial banks in the Icelandic business paper Markaðurinn (The Market):

The Financial Services Authority in Iceland (FME) and the Financial Services Authority in Dubai (DFSA) have signed a Memorandum of Understanding (MoU).

For the last 20 years there have been dramatic changes in the insurance market in Iceland. The number of domestic insurance companies has decreased. Competition has increased.

The FME signed a Memorandum of Understanding with the China Banking Regulatory Commission today.

Around 50 persons attended a breakfast meeting held by the FME on the foreign expansion of the Icelandic Banks.

The FME has processed figures showing defaults by borrowers of depository institutions at the end of the 1st quarter of fiscal year 2007 and comparable figures for the preceding quarters.