Ifølge de islandske myndigheder var foranstaltningerne ikke selektive, idet omstændighederne for de tre investeringsbanker var enestående, og idet andre banker, såsom Straumur, SPB og SPRON, ikke befandt sig i en tilsvarende situation som de tre investeringsbanker.
In their view the measures had not been selective since the circumstances of the three investment banks had been unique and other banks, such as Straumur, SPB and SPRON, had not been in a similar situation as the three investment banks.