Day: November 11, 2005

Hreidar Már Sigurdsson, CEO of Kaupthing and the chairman of the Bankers’ and Securities Dealer’s Association of Iceland (BSDI), says the Financial Supervisory Authority should exercises newly gained powers “with caution”.

The minister of communications plans to present a memorandum to a government meeting today concerning Farice and back up communications links.

Icelandic Broadcasting Service, RÚV, reports that the Financial Supervisory Authority (FSA) has expressed concerns over the increased lending of the Icelandic banks to international clients.