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A&"+    '",   VerWifrvsunartillaganekkisamYykktmunkomatilatkvWavaratillaga2.minnihluta ( semfelursraWnauWsynlegarbreytingarverWigerWarfyrirvrum0slandstilaWtaka  strstugllumIcesave-samninganna.  @ AlYingi20.gst2009. T, @ HskuldurX;rhallsson.   Fylgiskjal. K #    Au ) dE>G A^          SvarviWskiptarWherraviWfyrirspurnSivjarFriWleifsd;ttur   umtvbrfrWherranstilbreskafjrmlarWuneytisins wO  samtYUWingubrfunumslensku.  B  (Xskj.503,227.ml136.lggjafarYings.)    T  Fyrirspurninhlj;Warsvo: {    Hvernighlj;WabrfrWherranssemsendvorubreskafjrmlarWuneytinuannarsvegar nF ummiWjangstoghinsvegar5.okt;bersl.? 9   BrfYaWsemsentvarrviWskiptarWuneytinutilCliveMaxwellHMTreasury20.gst  2008hlj;Warsvo:    ?Reference_ismadetoourdiscussionsonJuly31andyourletterofAugust72008where r youraisedanumberofquestionsconcerningtheIcelandicDepositorsandInvestors e= GuaranteeFund.Also,werefertoouremailofAugust14,withourcommentsonthese 0 issues,excludingquestions2and5.Inthefollowing,weaddressthesetworemaining  questions.    Inthe,inourviewunlikely,eventthattheBoardofDirectorsoftheDepositorsand i InvestorsGuaranteeFundcouldnotraisenecessaryfundsonthefinancialmarkets,we \4 wouldassureyouthattheIcelandicGovernmentwoulddoeverythingthatanyresponsible ' governmentwoulddoinsuchasituation,includingassistingtheFundinraisingthe  necessaryfunds,sothattheFundwouldbeabletomeettheminimumcompensationlimits.    Furthermore,wewouldliketopointoutthattheActontheDepositorsandInvestors `  GuaranteeFundwaspassedin1998,asameasuretoimplementdirective94/19/EConthe S+! sameissue.TheactiscurrentlyunderreviewbytheMinistryofBusinessAffairs,inlightof " thedevelopmentinthefinancialsectorinthelastfewyears.Fundingandproceduresare # amongtheissuesthatarebeingexamined.Thecurrentplanistopresentabilloflawtothis  $ extentintheParliamentarysessionthatbeginsinOctober. !W%   Itshouldbepointedoutthatasituationmayarisewhereafinancialinstitutionwitha J""& soundcapitalratiofacesliquidityproblemsduetodepositorssuddenlyandonalargescale #' withdrawingtheirfundsforsomereason.Insuchacase,theCentralBankofIcelandasa #( lenderoflastresortmayprovideliquidityassistance.TheIcelandicGovernmentwould $ ) supporttheCentralBankindoingso.Undersuchcircumstancesthematterwouldnever v%N!* becomeanissuefortheDepositorsandInvestorsGuaranteeFund. A&"+   WewouldliketounderlinethattheGovernmentisfullyawareofitsobligationsunderthe  '", EEA-agreementinrelationtotheDepositorsandInvestorsGuaranteeFundandwillfulfil '#- thoseobligations.  (z$. Ї  BrfYaWsemsentvarrviWskiptarWuneytinutilCliveMaxwellHMTreasury5.okt;ber ( 2008hlj;Warsvo:    ?ReferenceismadetothediscussionsyouhavehadwiththeMinistrythisweekend.    IfneededtheIcelandicGovernmentwillsupporttheDepositorsandInvestorsGuarantee a Fundinraisingthenecessaryfunds,sothattheFundwouldbeabletomeettheminimum T, compensationlimitsintheeventofafailureofLandsbankianditsUKbranch.   @ 0slenskYUWing.   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