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| Version 0 | Version 1 |
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| 'Progress made' in Iceland talks | 'Progress made' in Iceland talks |
| (10 minutes later) | |
| Significant progress has been made over frozen UK investments in failed Icelandic banks, say the Treasury and the Icelandic authorities. | |
| Arrangements have been agreed "in principle" for a quick payout to depositers in Landsbanki'sinternet bank Icesave, they said. | |
| The delegations agreed to work closely on the other remaining issues over the coming days, the statement said. | The delegations agreed to work closely on the other remaining issues over the coming days, the statement said. |
| The delegations met "in a friendly atmosphere in ReykjavÃk", it added. | |
| A Treasury delegation is in the Icelandic capital to seek assurances that UK savers with money in collapsed Icelandic banks will not lose their deposits. | |
| The group wants to establish a claims procedure for British depositors to get their money back as soon as possible. | |
| Under Iceland's financial regulations, its government is supposed to pay up to £16,000 compensation per account at a total cost of £2.2bn. | |
| The UK government is also pressing for the quick return of almost £1bn of funds invested by councils and other public bodies, including charities. | |
| The Treasury delegation in Reykjavik includes officials from the Bank of England and the Financial Services Authority. |