Published Material

22.9.2017 : The Financial Supervisory Authority finds Taconic Capital Advisors LP and its associated entities eligible to acquire a qualifying holding in Arion banki hf.

The Financial Supervisory Authority has today concluded that Taconic Capital Advisors LP and its associated entities are eligible to acquire a qualifying holding in Arion banki hf. up to 33% of the banks shares and its subsidiaries Stefnir hf., Valitor hf., Vörður tryggingar hf. and Vörður líftryggingar hf., with reference to Chapter VI of the Act No. 161/2002 on Financial Undertakings and Chapter X of the Act No. 100/2016 on Insurance Activities.

22.9.2017 : The Financial Supervisory Authority finds Kaupþing ehf. eligible to acquire a qualifying holding in Arion banki hf.

Today, the Financial Supervisory Authority has concluded that Kaupþing ehf. is eligible to acquire a qualifying holding in Arion banki hf. up to 33% of the banks shares and its subsidiaries Stefnir hf., Valitor hf., Vörður tryggingar hf. and Vörður líftryggingar hf., with reference to Chapter VI of the Act No. 161/2002 on Financial Undertakings and Chapter X of the Act No. 100/2016 on Insurance Activities.

15.9.2017 : The Financial Supervisory Authority finds Attestor Capital LLP and its associated entities eligible to acquire a qualifying holding in Arion banki hf.

On 14 September 2017, the Financial Supervisory Authority concluded that Attestor Capital LLP and its associated entities are eligible to acquire a qualifying holding in Arion banki hf. up to 20% of the banks shares and its subsidiaries Stefnir hf., Valitor hf., Vörður tryggingar hf. and Vörður líftryggingar hf., with reference to Chapter VI of the Act No. 161/2002 on Financial Undertakings and Chapter X of the Act No. 100/2016 on Insurance Activities.

24.7.2017 : FME issues rules on maximum loan-to-value ratios

The Financial Supervisory Authority (FME) has issued rules limiting the loan-to-value ratio of new residential mortgages in accordance with Article 25(1) of Act No. 118/2016 on Consumer Mortgages. In accordance with the Rules entering into force, the maximum loan-to-value ratio will be 85% of a property's market price. However, first-time home buyers may be granted loans of up to 90% of the market price in accordance with Article 25(2) of the Consumer Mortgage Act. The purpose of the rules is to maintain financial stability in light of growing imbalances in the housing market and to strengthen the resilience of lenders and borrowers with respect to the possibility of falling property prices. 





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