All decisions regarding the actions of the Financial Supervisory Authority, Iceland (FME) that have been taken with reference to Act No. 125/2008, due to Unusual Financial Market Circumstances can now be found in chronological order on the FME´s website, as shown below.
The new bank takes over Kaupthing´s domestic assets to ensure provision of normal banking services and the safety of deposits in Iceland. Kaupthing´s international operations are separated. All Kaupthing´s domestic braches, call centres, ATM´s and internet banking will be open for business as usual.
Domestic deposits are fully guaranteed, as declared by the Government Kaupthing´s domestic branches, call centres, cash machines (ATMs) and internet operations will be open for business as usual The objective of the FME´s action is to guarantee a functioning domestic banking system
The new bank takes over Landsbanki´s domestic assets to ensure provision of normal banking services and the safety of deposits in Iceland. Landsbanki´s international operations are separated. All Landsbanki´s domestic braches, call centres, ATM´s and internet banking will be open for business as usual.
Domestic deposits are fully guaranteed, as declared by the Government Glitnir´s domestic branches, call centres, cash machines (ATMs) and internet operations will be open for business as usual The objective of the FME´s action is to guarantee a functioning domestic banking system
Domestic deposits are fully guaranteed, as declared by the Government. Landsbanki´s domestic branches, call centres, cash machines (ATMs) and internet operations will be open for business as usual. The objective of the FME´s action is to guarantee a functioning domestic banking system.
Due to extraordinary market circumstances, and to restore and maintain financial stability, the Financial Supervisory Authority has concluded to define the short selling of shares of certain Issuers as behaviour opposed to accepted market practices. As such, a person who behaves in such a manner may be found guilty of market abuse in accordance with Article 117 of the Act on Securities Transactions No. 108/2007.
The Financial Supervisory Authority (FME) has issued Guidelines no. 3/2008 on the functions of auditing departments of financial undertakings. The Guidelines’ objective is to instruct the heads of auditing departments in financial undertakings how to best practice internal auditing. Internal audit is a part of the structure of financial undertakings and is an important element of their supervisory function.