The Icelandic Financial Supervisory Authority takes contorl of Glitnir Bank
The Icelandic Financial Supervisory Authority (IFSA) has under powers granted by the Icelandic Parliament proceeded to take control of Glitnir.
The action taken by the IFSA is a necessary first step in achieving the objectives of the Icelandic Government and Parliament to ensure the continued orderly operation of domestic banking and the safety of domestic deposits.
Sources: www.fme.is