Pursuant to public announcements, regarding i.a. an agreement reached between Glitnir banki hf. (the issuer) and the Icelandic government to provide the issuer with new equity, it is the Financial Supervisory Authority‘s opinion that there is no longer the same threat of market disruption due to information asymmetry.
The Financial Supervisory Authority has decided to temporarily suspend from trading on regulated market all financial instruments issued by Glitnir banki hf.
The Government of Iceland and the major shareholders of Glitnir, in cooperation with the Central Bank of Iceland and the Financial Supervisory Authority, have come to an agreement under which the Government will provide Glitnir with new equity.
Due to news of the insolvency of the American investment bank Lehman Brothers and the potential impact on financial systems across the world, the Financial Supervisory Authority in Iceland (FME) would like to disclose the following information:
The Financial Supervisory Authority in Iceland and the Insurance Authority of the Faroe Islands have signed a Memorandum of Understanding (MoU).