The Financial Supervisory Authority delays the transfer of deposits of Straumur-Burdarás Investment Bank hf.
The Financial Supervisory Authority has decided to delay the transfer of deposits of Straumur - Burdarás Investment Bank hf. to Íslandsbanki hf. due to technical difficulties. This is a complicated project, which is more time consuming than previously believed. For these reasons it is necessary to grant an extended deadline to complete the transfer of deposits and the issuance of promissory and collateral documents.
The transfer of deposits and issuance of promissory and collateral documents shall take place no later than 3 April 2009 at 9:00 a.m.
The decision can be read here.
Further information to the media is provided by Sigurdur G. Valgeirsson, sgv@fme.is, tel. 525 2700 or mobile 840 3861.