The Depositors' and Investors' Guarantee Fund ( Icelandic: ''Tryggingarsjóður innstæðueigenda og fjárfesta'') is the

statutory A statute is a law or formal written enactment of a legislature. Statutes typically declare, command or prohibit something. Statutes are distinguished from court law and unwritten law (also known as common law) in that they are the expressed wil ...

deposit insurance Deposit insurance, deposit protection or deposit guarantee is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance or deposit ...

scheme in

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

. It is established under Act No. 98/1999 on Deposit Guarantees and Investor-Compensation Scheme, which transposes

European Union directive A directive is a legal act of the European Union that requires member states to achieve particular goals without dictating how the member states achieve those goals. A directive's goals have to be made the goals of one or more new or changed n ...

s 94/19/EC and 97/9/EC into Icelandic law, in accordance with the decisions of the

European Economic Area The European Economic Area (EEA) was established via the ''Agreement on the European Economic Area'', an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Asso ...

.Joint EEA Committee Decisions Nos. 18/1994 and 12/1998.

References

External links

Official site

Financial statement 2007
Banking in Iceland Deposit insurance 1999 establishments in Iceland {{iceland-stub

See also

References

External links