The Icelandic government appreciates that the British authorities are willing to step in and respond to the immediate concerns of depositors of Landsbankinn Icesave accounts.
The governments of the two countries will immediately review the matter in detail through official channels with a view to finding a mutually satisfactory solution.
It should also be highlighted that on Monday evening changes were made to the Act on the Depositors’ and Investors’ Guarantee Fund strengthening the position of depositors by giving them priority when allocating assets.
There is a good probability that the total assets of Landsbankinn will be sufficient to cover the deposits in IceSave.
The Icelandic government reiterates that if needed it will support The Depositors’ and Investors’ Guarantee Fund in raising necessary funds.
The government of Iceland is determined not to let the current financial crisis overshadow the long standing friendship between Iceland and the United Kingdom.
For more information:
Media Contact: Urdur Gunnarsdottir
E-mail: press@mfa.is
Mobile phone: +354-864 9974 (send a mail to the above address if you get voice mail)
Internet: www.government.is/press
morris – I agree. The frozen Iceland assets should be liquidated and used to pay the savers that have lost money. If there is anything left over then it should be used to help the Dutch depositors.
Iceland’s PM’s actions are disgraceful – the very protection that was offered to Icesave depositors never really existed. That must be considered to be fraud.
This is what is written on Icesave’s website:
Icesave is a trading style of Landsbanki Islands hf, incorporated in Iceland (id. no. 540291-2259), whose registered address is:
Austurstraeti 11,
155 Reykjavik,
Iceland
Registered in the UK under Company Number FC26112 at:
Beaufort House,
15 St Botolph Street,
London,
EC3A 7QR
Landsbanki Islands hf. is Authorised by Fjármálaeftirlitið (The Financial Supervisory Authority, Iceland) and the UK Financial Services Authority and is Regulated by the Financial Services Authority for the conduct of UK business:
Iceland is not part of the EU and never will be. That was known even before this crisis.
So do we (Netherlands) get our money back? Yes, we will … cause Iceland is a proud and ultramodern country, and NEVER wants to be the paria of the international financial community. So I am not concerned about my savings ….. I think …..
was Iceland protected as part of European Union ? I think so. Maybe it’s time to join UE.
what is yours opinions?
I am certain Iceland will not act for Dutch clients. The UK is an important trade partner and whatever is left of the Republic of Iceland after this crisis, the country will need at least one friend next to Russia (and one other friend is what they will have left).
Dutch clients lose their money and the Icelandic Prime-Minister says he ‘feels sorry’ for Dutch accountholders instead of feeling shame. The IceSave/ Landsbanki office in the Netherlands has completely disappeared within 24 hours.
It looks more and more like fraud, theft and robbery. With the Icelandic Prime-Minister as the new leader of the gang.
It is a disgrace and Iceland will be the paria of the international financial community for the next 50 years. It’s time to confiscate all Icelandic deposits at banks in the rest of the world. If there are any left.
Will Iceland also act for the ICESAVE dutch clients?