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).