Icelandic Deposit Guarantee

Baldur

http://eng.forsaetisraduneyti.is/news-and-articles/nr/3033

zaccy

Deposit Guarantee

10/6/08
The Government of Iceland underlines that deposits in domestic commercial and savings banks and their branches in Iceland will be fully covered. "Deposit" refers to all deposits by general customers and companies which are covered by the Deposit Division of the Depositors’ and Investors’ Guarantee Fund.

Reykjavik, 6 October 2008

http://eng.forsaetisraduneyti.is/news-and-articles/nr/3033

This seems to be different from the Irish Guarantee in that it is for customers in Iceland only and not those in other countries. Perhaps this will be cleared up later.

Stompa

http://www.ft.com/cms/s/0/07113e40-938d-11dd-9a63-0000779fd18c,dwp_uuid=a36d4c40-fb42-11dc-8c3e-000077b07658.html

Iceland on Monday said it would guarantee all deposits with the country’s banks as it sought to reassure local savers, but said depositors in the UK would not be covered by the extension.

Government officials said products issued in the UK, such as the Kaupthing Edge high interest account, were covered for up to £50,000 by UK regulation which is due introduced on Tuesday by the Financial Services Authority.

occamsrazor

zaccy wrote: »

http://eng.forsaetisraduneyti.is/news-and-articles/nr/3033

Not particularly enlightening.... you would have thought on an issue as important as this they'd manage more than a paragraph.