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NW >    25  N W    W Xessirkkomam.a.framhjLlewellyn,DavidT.,TheRationaleandInstitutionalStructureofFinancialRegulation. ] !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    26  Nͪ q  ݀  q ͪNhefurveriWkveWiWaWfrabankaeftirlitiWfrSeWlabankaEnglands.SjumfjllunviWaukaIII.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    27  Nͪ q  ݀  q ͪSjGoodhartandSchoenmaker,SpecialPaperNo.52,LSEFinancialMarketsGroup,InstitutionalSeparationBetween  SupervisoryandMonetaryAgencies.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    28  Nͪ q  ݀  q ͪSjAT1985!86:1132.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    29  Nͪ q  ݀  q ͪSjeinnigGoodhartandSchoenmaker,SpecialPaperNo.52,LSEFinancialMarketsGroup,InstitutionalSeparationBetween  SupervisoryandMonetaryAgencies. ^ !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  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Nq >ͪ    35  Nͪ q  ݀  q ͪAT1985!86A:1132. 8 !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    36  Nͪ q  ݀  q ͪUmrkmeWogm;tiYvaWeftirlitheyriundirseWlabankavsasttilkaflaIV.a).  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    37  Nͪ q    q ͪXegarnverandifjrmlarWherraBretlandskynntiYkvrWunsnaaWfrabankaeftirlittrSeWlabankaBret_ ԂlandssagWi  bankastj;rihanseftirfarandi:?8.itwillcontinuetobeimportantunderthenewarrangementsthatthecentralbankisabletomonitor,throughthenewregulatorybody,thefinancialconditionofindividualinstitutions,aswellasthatofthesystemasawhole .BankofEngland,PressNotice,20May1997.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    38  Nͪ q    q ͪBendamaWnokkurumrWavarumYaWNoregifyrirnokkrumrumaWfellaeftirlitsstofnuninaundirSeWla_!ԂbankaNoregs  Y;ttYarfarieftirlitsstofnunineinnigmeWeftirlitmeWvtryggingastarfsemi.ReyndarnWuYrhugmyndirekkiframaWganga,m.a.vegnaYessaWmenntlduaWsjlfstWihennaryrWistefntvoWa.SjSammenslingavKredittilsynetogNorgesBank,rapporttilFinansogtolldepartementet,mars1992.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    39  Nͪ q    q ͪHraWsd;msmliWnr.E9841/1991,HallgrmurA.Ott;ssongegnSeWlabanka0slands,viWskiptarWherraogfjrmlarWherra  f.h.rkissj;Ws,d;mur13.janar1994. q !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    40   Nͪ q    q ͪBjrnJ;hannesson:EftirlitmeWskipulagWrifjrmlastarfsemi.KanddatsritgerWviWLagadeildHsk;la0slands1988.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    USIS,.        __P      UKUS.,  Nq >ͪ    41  Nͪ q    q ͪ0framsgusinnimeWfrumvarpinu,AT1985!86B:2368,gerWiMatthasBjarnasonviWskiptarWherrasvofelldagreinfyrir  Yessariskipan:,,MeWYessum;tierleitastviWaWtengjarWuneytiWbeintviWbankaeftirlitiWentengslYessaratveggjaaWilahafalengstafeinkumfariWframmeWmilligngustj;rnarSeWlabanka.  . !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    42  Nͪ q    q ͪXettasj;narmiWkomframumrWumAlYingi,t.d.AT198!86B:3993.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    43  Nͪ q    q ͪSjumYettafylgiskjalviWnefndarlit,AT1985!86A:3292.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    44  Nͪ q  ݀  q ͪSjbreytingartillgur,AT1985!86A:3316.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    45  Nͪ q  ݀  q ͪAT1985!86A:1132. _ !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    46  Nͪ q  ݀  q ͪAWmatiumboWsmannsAlYingiserYettaY;ekkivafalaust.UmYaWvsasttilumfjllunar3.kaflaskUrslunnar.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    47  Nͪ q  ݀  q ͪAT1992A:3246. . !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    48  Nͪ q  ݀ͪ  #ͪ#q ͪAT1992A:3246!3247.  !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    49  Nͪ q  ݀  q ͪAT1992A:3247. Q !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    50  Nͪ q  ݀  q ͪHeimildirYennankaflaerufengnarvWaaW,einkumrUmsumrsskUrslumeftirlitsstofnanaYessaralanda. 8 !ͪͪͪ@T@RW6&A43'6&A43'T@ ? 0?vvbX0#gPdd  8dd8ISUS., @    P      UKIS,.  Nq >ͪ    51  Nͪ q  ݀  q ͪByggtheimildumdagblWumogfrttatilkynningu,BankofEngland,PressNotice,20May1997.  N   !TRV6&A4X3' Letter6&A43'T ? 0?vvbX0#gPdd  8dd8ISUS.,     _   122.lggjafarYing1997!98. + _Xskj_.95465769678518!59579:60:.ml. <<{ @ ; !{;Frumvarptillaga;#{! #;  " {umopinberteftirlitmeWfjrmlastarfsemi.@ (LagtfyrirAlYingi122.lggjafarYingi1997!98.)  I.KAFLI MarkmiWoggildissviW.     1.gr.MarkmiWogskilgreiningar. E      MarkmiWlagaYessaraeraWstuWlaaWYvaWfjrmlastarfsemisemlgYessitakatilssamrmiviWlg,reglugerWir,reglurogsamYykktirsemhverjusinnigildaumstarfsemina.  MeWfjrmlastarfsemierlgumYessumttviWhverskonarstarfsemifyrirtkja,stofnanaogannarraaWilasemtilgreindireru2.gr.  MeWeftirlitsskyldumaWilumerlgumYessumttviWaWilasemeftirlitFjrmlaeftirlitstekurtilskv.2.gr.  2.gr.Eftirlitsskyldstarfsemi. h     EftirlitsamkvmtYessumlgumtekurtilstarfsemieftirtalinnaaWila: <   <>2#  1  .3  Ԉ0    ViWskiptabankaogsparisj;Wa,<>i݌i Ќ   <   <> 2#  2  .3  Ԉ0    lnastofnanaannarraenviWskiptabankaogsparisj;Wa,<> i ݌4 Ќ   <   rrr>>rr>a_lnastofnana_,fr30.desember1994.EndurskoWendurfjrmlafyrirtkjasemjayfirleitttarlegarendurskoWunarskUrslurtilstj;rnendafyrirtkjannaogYessarskUrslurgetaeftirlitsaWilarkynntsr.EWlimlssamkvmthlj;taritanirrsreikningahinsvegaraWveragagnorWar.  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LgYessivorufelldrgildimeWlgumnr.83/1935umviWaukaviWogbreytinglgumnr.44/1915umsparisj;Wi.BoriWhafWitalsverWri;ngjubankannameWeftirlitiWogvilduYeirm.a.ekkiborgasinnhlutakostnaWarviWembttiW.MeWfyrrgreindumlgumvarfjrmlarWuneytinuhinsvegarfaliWaWannasteftirlitmeWllumsparisj;Wunumlandinu.SkyldiYaWhafankvmteftirlitmeWYvaWstarfsemiYeirra,reksturogstj;rnvrisamrmiviWgildandilg,reglugerWirognnurfyrirmli.XskyldirWuneytiWknUjaumrbturYegarstWavritilogYvveraheimiltaWstWvarekstursparisj;Wsefekkivribttrgllum.Sparisj;WunumvarskyltaWendurgreiWarkissj;WikostnaWafeftirlitinuhlutfalliviWsamanlagWarinnogtborganirYeirrasWastliWiWr.  Xessiskipanhlsttilrsins1941,enmeWlgumnr.69/1941umsparisj;WivarrWherraYeimsemfrimeWbankamlfaliWaWfarameWsparisj;WaeftirlitiW.0lgunumergertrWfyrirafskiptumsparisj;Waeftirlitsafstarfsemisparisj;Wa,kveWiWumtilkynningaskylduendurskoWendaogstj;rnendatilteknumtilvikumogeftirlitinufaliWaWsetjareglur.  EkkertlgbundiWeftirlitvarmeWstarfsemibankafr1935allttilrsins1961Yegarlgnr.10/1961umSeWlabanka0slandsvorusett.YessumrumhfWuveriWgerWartilraunirtilaWkomasameiginlegueftirlitimeWbnkumogsparisj;Wum,enjafnannrangurs.MeWlgumnr.10/1961varSeWlabankanumfaliWaWhafameWhndumeftirlitmeWstarfsemiallrainnlnsstofnana,Y.e.banka,sparisj;Waoginnlnsdeildasamvinnuflaga,Sfnunarsj;Wi0slands,svooghverriYeirristofnunsemhefWimeWhnduminnlnsstarfsemi.UmleiWfllniWursskipansparisj;WaeftirlitisemveriWhafWiviWlUWifr1941.StarfsemiSeWlabankanshraWltandinefndistbankaeftirlit.XarmeWvarfyrstasinnkomiWf;tvirkualmennueftirlitimeWfjrmlastofnunum.  0lgumnr.10/1961varstarfsemibankaeftirlitsskilgreindsvoaWfylgstskyldimeWYvaWinnlnsstofnanirfylgdulgumogreglum,semgiltuumstarfsemiYeirra,oggerWarathugasemdirefhagurogreksturstofnunarvritalinn;heilbrigWur.SlkarathugasemdirskyldutilkynntarrWherraYegarstaW.LginkvWuekkisrstaklegaumaWeftirlitinuskyldiskipaWsrstakadeildinnanSeWlabankans.runum1961!1969munaWalendurskoWandiSeWlabankansjafnframthafaveriWforstWumaWurbankaeftirlitsins,enmeWhonumstrfuWutveirtilYrrmennviWYaW.riW1969varkomiWf;tsrstakrideildinnanbankans,bankaeftirlitiSeWlabankans.XaWvarhinsvegarekkifyrrenmeWngildandilgumumSeWlabanka0slands,nr.36/1986,aWkveWiWvarumYaWlgumaWbankaeftirlitskyldifaliWsrstakrideildinnanbankans.  1.2StarfsemiogstarfssviWbankaeftirlitssamkvmtngildandilgum   '",   EinsogWursegirf;rbankaeftirlitiWlengstafeinungismeWeftirlitmeWinnlnsstofnunum.0ngildandilgumnr.36/1986umSeWlabanka0slands,YarsemalmennkvWiumbankaeftirliteraWfinna,ereinungiskveWiWumeftirlitmeWinnlnsstofnunum.0IV.kaflalaganna v)E%/ kemurframaWbankaeftirlitathugib;khaldogreikningainnlnsstofnanaogkanniaWWruleytifjrhagogstarfsemiYeirra(14.gr.),fylgistmeWYvaWtlnogaWrarskuldbindingarviWskiptaaWilaviWinnlnsstofnunsusamrmiviWYhttusemviWskiptunumfelst(15.gr.)ogkanniaWWruleytihvorthagurogreksturinnlnsstofnunars;heilbrigWur(sbr.3.mgr.17.gr.).0kaflanumerennfremurkveWiWumskyldurinnlnsstofnanagagnvartbankaeftirlitinuogheimildirbankaeftirlitstilaWgerWa,enfrekarverWurvikiWaWYvsWar.  FrgildistkungildandiSeWlabankalagahafahinsvegarorWiWverulegarbreytingarfjrmagnsmarkaWihrlandi.NUjartegundirfjrmlastofnanahafaskotiWuppkollinumogtilvistYeirrahefursmmsamankallaWopinberteftirlitmeWYeim.ViWYaWhefureftirlitssviWbankaeftirlitsvkkaW.HefurafhagkvmnisstWumY;tteWlilegtaWfellaeftirlitmeWnUrristarfsemiundirbankaeftirlitYrttfyriraWsstarfsemihafiekkismurkbundnutengslviWSeWlabankannogstarfsemiinnlnsstofnana.HefurshtturveriWhafWuraWkveWaumauknareftirlitsskyldurbankaeftirlitssrlgumumviWkomandifjrmlastarfsemi,envsaYarjafnframttilkvWaSeWlabankalaga.  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Samkvmt1.mgr.46.gr.megaviWskiptabankarogsparisj;WirekkieigaeWatakaaWveWieignarhlutieinstkumfyrirtkjum;skyldristarfsemisemnemahrrifjrhWen15%afeiginfhlutaWeigandistofnunar.XskulueignarhluturogheildarskuldbindingarviWkomandifyrirtkisgagnvartviWskiptabankaeWasparisj;WiverainnanYeirramarkasemgeturreglumerrWherrasetur,sbr.reglugerWnr.366/1994umhmarklnaogbyrgWaviWskiptabanka,sparisj;Waogannarralnastofnana.Samkvmt3.gr.reglugerWarinnarskuluhttuskuldbindingarvegnaeinstakraviWskiptamannaeWafjrhagslegatengdraaWilaekkifarayfir25%afeiginflnastofnunar.X;ergertrWfyrirtilteknumaWlgunartmatil31.desember v)E%/ 2001.06.gr.erkveWiWumaWlnastofnunskulihafayfiraWrWatraustustj;rnunarogupplUsingakerfioginnraeftirlitskerfiYarsemst;rarhttuskuldbindingarogbreytingarYeimeruauWkenndarogskrWarYannigaWunntsaWhafaeftirlitmeWYeim.XerkveWiWumreglulegaupplUsingagjf.  0VII.kaflalagannaerkveWiWumrsreikning,endurskoWunogsamstWureikningsskil.Samkvmt6.mgr.62.gr.skalendurskoWunardeildsemannastinnriendurskoWunstarfaviWviWskiptabankaeWasparisj;W.SegirYaraWinnriendurskoWunshlutiafskipulagistofnunarogYttureftirlitskerfihennar.HeimilterbankaeftirlitiaWveitaundanYgufrstofnundeildarogsetjatiltekinskilyrWiYessstaW.Samkvmt5.mgr.smugreinarskuluendurskoWendurgerabankaeftirlitiviWvartefYeirverWavarirviWverulegagallarekstriviWskiptabankaeWasparisj;WseWaatriWiervarWainnraeftirlit,greiWslutryggingartlnaeWannuratriWisemveiktgetafjrhagsstWuhlutaWeigandistofnunar.XhefurSeWlabankinnsettreglurnr.554/1994umgerWrsreikningsviWskiptabanka,sparisj;WaogannarralnastofnanaogreglurumendurskoWunviWskiptabanka,sparisj;Waogannarralnastofnana,fr30.desember1994.0fyrrnefndureglunumerm.akveWiWummatafskriftaYrftlnaogannarraskuldbindingaogframsetninguafskriftareikningstlna.  0sWarnefndureglunumerm.a.aWfinnaskilgreiningug;WriendurskoWunarvenju.1.2.2LnastofnaniraWrarenviWskiptabankarogsparisj;Wir: wF   EinsogkunnugterhafastarfaWhrlandiUmsirlnasj;WirsemsinnthafatilteknumverkefnumeWaatvinnugreinumogYvskynieinkumstundaWtln.HrereinkumumaWrWasvokallaWafjrfestingarlnasj;WiogeruFiskveiWasj;Wur0slands,IWnlnasj;Wur,ByggWastofnunogStofnlnadeildlandbnaWarinsstrstirYeirra.Xessirsj;WirlutuekkiformleguopinberueftirlitifyrrenmeWlgumnr.123/1993,umlnastofnaniraWrarenviWskiptabankaogsparisj;Wi,sbr.oglgnr.20/1996umbreytingYeimlgum,aWbankaeftirlitinuvarfaliWaWhafaeftirlitmeWstarfsemiYeirra.Samkvmt2.gr.lagannatakaYautilflagaogstofnanasemhafaYaWaWmeginverkefniaWveitalneiginnafniogaflasrYvskynifjrmeWtgfuogsluskuldabrfumogWrumendurgreiWanlegumskuldaviWurkenningumtilalmennings.AukYessnlgintileignarleigufyrirtkja,sbr.9.gr.laganna.EftirsetninguYeirrakannaWibankaeftirlitiWsamvinnuviWviWskiptarWuneytiWhvaWalnastofnanirfallaundirlgin.0kjlfarYesshefursamYykktumoglgumeinstakralnasj;WaveriWbreytttilYessaWYeirfalliekkiundirlgnr.123/1993,enstarfssviWviWkomandisj;WaogstarfsheimildirhafaY;ttYesseWlisaWrttvriaWfellaYundanlgunum.SemdmimnefnaIWnYr;unarsj;W,BjargrWasj;W,Lnasj;Wsveitarflagao.fl.Samkvmtsamantektbankaeftirlitsfr17.jl1996fallaneftirtaldirlnasj;WirundirlginogltaYveftirlitiYess:ByggWastofnun,FerWamlasj;Wur,FiskveiWasj;Wur0slands,IWnlnasj;Wur,StofnlnadeildlandbnaWarins,Samvinnusj;Wur0slandshf.,Verslunarlnasj;Wur,Hafnab;tasj;Wur,Lnasj;Wurslenskranmsmanna,Orkusj;WurogBtflutningslnasj;Wur.FiskveiWasj;Wur0slandsogIWnlnasj;WursamtmeWIWnYr;unarsj;Wi,semnlUturekkieftirlitibankaeftirlits,verWaumnsturam;tlagWirniWur,engrunniYeirrastofnaWirFjrfestingarbankiatvinnulfsinshf.,skv.lgumnr.60/1997,ogNUskpunarsj;Wuratvinnulfsins,skv.lgumnr.61/1997.Fjrfestingarbankinnfellurundirlgnr.123/1993,enNUskpunarsj;Wurekki.HannmunY;ltaeftirlitibankaeftirlitsins.  EftirlitmeWYessumlnastofnunumbyggistkvWumlaganr.123/1993ogsrkvWumsrlgumumviWkomandilnastofnunefYauerufyrirhendi.Lgnr.123/1993byggjastefniskvWumlaganr.113/1996.UmefnisatriWistarfseminnarogeftirlitsinsvsastYvtilumfjllunarumviWskiptabankaogsparisj;Wi,laganna,reglugerWaogreglnasemYarerunefndar. v)E%/ Ї1.2.3Eignarleigufyrirtki: 1   Fyrstulgumstarfsemieignarleigufyrirtkjavorunr.19/1989umeignarleigustarfsemi.XarvarbankaeftirlitinufaliWaWhafaeftirlitmeWeignarleigustarfsemiogstarfsemieignarleigufyrirtkja.XessilgvorufelldrgildimeWlgumnr.123/1993umlnastofnaniraWrarenviWskiptabankaogsparisj;Wi,ensamkvmt9.gr.lagannanYaueinnigyfireignarleigufyrirtki.HeimiltersamkvmtkvWinuaWsetjareglugerWumstarfsemieignarleigufyrirtkja,enYaWhefurekkiveriWgert.  1.2.4VerWbrfaviWskipti:  X   BankaeftirlitiWhefureftirlitmeWverWbrfaviWskiptum,Y.efyrirtkjumverWbrfaYj;nustu,enundirYaWhugtakfallaverWbrfafyrirtkiogverWbrfamiWlanir.Nerugildilgnr.13/1996umverWbrfaviWskipti.BankaeftirlitinuvarfyrstfaliWeftirlithraWltandimeWlgumnr.27/1986umverWbrfamiWlun,enYaulgkvWuumverWbrfamiWlunogverWbrfasj;Wi.VoruYettafyrstualmennulgsemsettvoruumYessastarfsemi.XaulgfllurgildimeWlgumnr.20/1989umverWbrfaviWskiptiogverWbrfasj;Wi,ensamkvmtYeimhafWibankaeftirlitiWeftirlitmeWstarfsemiverWbrfamiWlara,verWbrfasj;WaogverWbrfafyrirtkja.ViWafYeimt;kulgnr.9/1993umverWbrfaviWskiptioglgnr.10/1993umverWbrfasj;Wi.  0XII.kaflalaganr.13/1996erkveWiWumeftirlitmeWfyrirtkjumverWbrfaYj;nustu.XarerkveWiWumeftirlitbankaeftirlitsmeWstarfsemifyrirtkjaverWbrfaYj;nustuhrlandioginnlendrafyrirtkjaerlendis.KveWiWerumaWgangaWupplUsingumogrttbankaeftirlitstilYessaWkrefjastrb;taefstarfsemifyrirtkisbrUturgegnlgumeWareglumeWaeraWWruleyti;eWlileg,;heilbrigWeWa;traust.SrstaklegaerkveWiWumheimildirbankaeftirlitstilYessaWkrefjastupplUsingaoggagnaefYaWhefurrkstuddastWutilaWtlaaWbrotiWhafiveriWgegnkvWumlagannaummeWferWtrnaWarupplUsinga,enYarerkveWiWumsvoklluWinnherjaviWskipti.  meWalefniskvWalagannaerukvWiV.kaflaumeigiWffyrirtkjaverWbrfaYj;nustu,enmeWlgunumvoruteknarupphliWstWarregluroggildaumviWskiptabankaogsparisj;Wi.037.gr.lagannaersrstaklegakveWiWumaWgerWirbankaeftirlitsogviWskiptarWuneytiseffyrirtkiuppfyllirekkieiginfjrkrfur.0umfjllunumviWskiptabankaogsparisj;WihraWframanvarvsaWtilreglnaSeWlabankansnr.348/1996ummathttugrunniviWtreikningeiginfjrhlutfallilnastofnanaogfyrirtkjaverWbrfaYj;nustu.0lgunumeraWfinnatarlegarreglurumstarfsemifyrirtkjaverWbrfaYj;nustu,rttindiYeirraogskyldur.XvoruWurnefndkvWiummeWferWtrnaWarupplUsinga.grundvellilagannagildareglugerWnr.361/1993umtryggingarskylduvegnaverWbrfamiWlunarogverWbrfaviWskipta,reglurSeWlabankansfr13.september1995umfyrstasludagalmennratboWaverWbrfaogreglugerWnr.505/1993umalmennttboWverWbrfa.0VI.kaflalagannaumrsreikningaogendurskoWunerummargtaWfinnahliWstWkvWioglgumnr.113/1996umviWskiptabankaogsparisj;Wi.& a 1.2.5VerWbrfasj;Wir: #(   UmverWbrfasj;Wigildalgnr.10/1993umverWbrfasj;Wi,sbr.lgnr.21/1996umbreytingYeimlgum.'a#`GԀWurhafWiveriWkveWiWumverWbrfasj;Wilgumnr.27/1986umverWbrfamiWlun,enYaukvWuumverWbrfamiWlunogverWbrfasj;Wi.XaulgfllurgildimeWlgumnr.20/1989.  kvWiIX.kaflalaganr.10/1993eruYekkkvWumlgumumverWbrfaviWskipti.0lgunumerkveWiWumhvernigstarfsemiverWbrfasj;WaskulihttaW.XannigskalfelasrstkurekstrarflagireksturverWbrfasj;Ws,enYvfelstdaglegurrekstursj;Wsins.Umsj v)E%/ ogvarWveislaverWbrfaskalhinsvegarfalinvrslufyrirtkisemgjarnanerverWbrfafyrirtkiYaWsemsj;WurinnstarfarviW.LgWerherslasjlfstWirekstrarflagsgangvartvrslufyrirtkiogerYv;heimiltaWhafannurstrfmeWhndumenreksturverWbrfasj;WseWaannarrafyrirtkjaumsameiginlegafjrfestingu.0lgunumereinnigkveWiWumtgfuhlutdeildarskrteinaoginnlausn,enkveWiWerumframkvmdtreikningsinnlausnarvirWihlutdeildarskrteinaverWbrfasj;WareglugerWnr.362/1993.XerulgunumkvWiumfjrfestingarstefnuverWbrfasj;Wa,Y.e.hverskonarverWbrfumsj;Wurmfjrfesta,hversuhtthlutfallafeignumsj;WureWadeildsj;WsmfjrfestaverWbrfum,tgefnumafsamaaWilaeWa,hlutdeildarskrteinumannarraverWbrfasj;Wa.SrstaklegaerkveWiWumheimildirbankaeftirlitstilaWheimilafjrfestinguumframYaumrksemlginkveWaum.031.gr.erkveWiWumtilkynningaskylduendurskoWendatilbankaeftirlits,YekkaYeirrisemkveWiWerumlgumumviWskiptabankaogsparisj;WioglgumumverWbrfaviWskipti.UmgerWrsreikningsverWbrfasj;WagildareglurSeWlabankansfr30.desember1993.1.2.6VerWbrfaYing: K    MeWlgumnr.11/1993umVerWbrfaYing0slandserbankaeftirlitinufaliWnnartilgreinteftirlitmeWVerWbrfaYinginu.WurhafWiverWbrfaYingstarfaWgrundvelli11.gr.laganr.36/1986umSeWlabanka0slands,enYarerhonumheimilaWaWstofnaogstarfrkjaverWbrfaYingsamvinnuviWfjrmagnsmarkaWinnsamkvmtreglumsemSeWlabankinnsetti.FramaWsetningulaganr.11/1993f;rbankaeftirlitiWekkimeWeftirlitmeWstarfsemiYess.  BankaeftirlitiWhefureftirlitmeWYvaWVerWbrfaYingiWstarfisamkvmtlgumogreglumoghefuraWgangaWggnumYingsins.HinsvegarerVerWbrfaYinginufaliWaWhafaeftirlitmeWYvaWviWskiptiYarsusamrmiviWlgogreglur.Sskyldahvlirstj;rnendumogstarfsmnnumYingsinsaWgerabankaeftirlitinuviWvartefYeirverWavarirviWstarfsemisemtlamaWsandstWuviWlgeWareglur.  ViWskiptarWherrahefurlagtframAlYingifrumvarptillagaumstarfsemikauphallaogskipulegratilboWsmarkaWa.0frumvarpinufelstsmeginbreytingaWeinkartturstarfsemiVerWbrfaYings0slandserafnuminn.KveWiWerumeftirlitbankaeftirlitsmeWstarfsemikauphallaogskipulegratilboWsmarkaWa.1.2.7HsnWisstofnunrkisins:    Samkvmtlgumnr.150/1995umbreytinglgumnr.97/1993umHsnWisstofnunrkisinsskalbankaeftirlitiWhafaeftirlitmeWstarfsemihsbrfadeildar.FyrirsetningutilvitnaWrabreytingalagavarkveWiWumaWbankaeftirlitiWhefWieftirlitmeWviWskiptummeWhsbrfgrundvellilagaumverWbrfaviWskiptiogverWbrfasj;Wi.XaukvWiY;ttuvandskUrWogvarYvrWistbreytingarlgunumumHsnWisstofnunrkisins.  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SamkvmtframansgWuerhrfyrstogfremstumeftirlitsvaldbankarWsaWrWa.BerYvskyldatilYessaWfylgjastniWmeWstarfsemibankaeftirlitsinsogberbyrgWsamkvmtYv.  1.5Yfirstj;rnbankastj;rnar  '",   Samkvmt1.mgr.13.gr.SeWlabankalagahefurSeWlabankinneftirlitmeWYvaWinnlnsstofnanirhagistarfsemisinnisamrmiviWlg,reglugerWirogsamYykktirsemhverjusinnigildaumstarfsemiYeirra.Samkvmt1.mgr.27.gr.lagannaberbankastj;rnbyrgW v)E%/ rekstriSeWlabankansogfermeWkvrWunarvaldllummlefnumhanssemekkieruWrumfalinlgunum.  kvWi2.mgr.13.gr.lagannaumyfirstj;rnbankarWsogbankastj;rnarberaWltalj;siYessaraalmennukvWa.XannigverWurekkisWaWbankastj;rnhafiaWrastWugagnvartbankaeftirlitienSeWlabankanumalmenntaWWruleytienYvsemhrhefurkomiWframvarWandirWherra,samstarfsnefndogbankarW.VerWurYvaWteljaaWbankastj;rnfarireyndmeWstj;rnbankaeftirlits.HnhefurvaldtilYessaWtakakvarWanirmlefnumbankaeftirlitsogberbyrgWrekstriYess.Samkvmt4.gr.starfsreglnaforstWumannsogsamstarfsnefndarstarfarforstWumaWurundirbankastj;rnSeWlabankansogberbyrgWdaglegumrekstribankaeftirlitsins.MYvtlaaWforstWumanniberiaWleggjaallarmeirihttarkvarWanirfyrirbankastj;rntilsamYykkiseWasynjunar.SemdmiumslkarkvarWanirmnefnakvarWanirumviWurlgeWaskipuneftirlitsmannsmeWstofnun,skv.4.mgr.17.gr.SeWlabankalaga,ogkvrWunumlagatlkunsemhefurfordmisgildi.   1.6NiWurstWur   K    SamkvmtframangreinduerrttarstaWabankaeftirlitsinssamkvmtSeWlabankalgunummjg;lj;s.HraWframanhafahinsvegarveriWfrWfyrirYvnokkurrkaWtlkaberiYrngtheimildirsamstarfsnefndarrWuneytis,rWherraogbankarWstilafskipta.XannigverWuraWteljaaWafskiptisamstarfsnefndarfelisteinungissamrWiaWilaogaWsrstkafskiptirWherrafelisteinungisskipunforstWumannsogvikninguhans.Xannighefurt.d.ekkiveriWtaliWaWumkrusambandsaWrWa,enYvfelstaWstj;rnsUslukvrWunumbankaeftirlitsverWurekkiskotiWtilrWherra   46      .EinnigverWuraWteljaaWbankarWhafifyrst  ogfremstmeWhndumrkteftirlitsvald.Hinsvegarfaribankastj;rnmeWstj;rnbankaeftirlits,beribyrgWrekstriYessogtakikvarWanirmlumeraWYvlta.   1.7FrumvarptilSeWlabankalagafr1992      0frumvarpitillagaumSeWlabanka0slands,framlgWuAlYingi1992,vargertrWfyriraWbankaeftirlitiWyrWiframdeildSeWlabankanum,enY;lagWartilnokkrarbreytingarervarWastWueftirlitsinsinnanbankans.  0frumvarpinuvargertrWfyriraWleggjaniWurumrddasamstarfsnefnd.ErYvboriWviWgreinargerWaWnefndinhafiveigalitluhlutverkiaWgegnaaukYesssemrttarstaWahennars;lj;saWYvervarWarbyrgWhennarstrfumbankaeftirlitsins.[   47      ׀XessstaWer  gertrWfyrirYv3.mgr.28.gr.frumvarpsinsaWSeWlabankinnhafisamrWviWrWuneytiWummeginYttistarfsemibankaeftirlitsins.AukYessgefihannrWuneytinuskUrsluumstarfsemiYessminnsttvisvarri.SamkvmtcliW1.mgr.38.gr.ergertrWfyriraWbankarWSeWlabankanssbankastj;rntilrWuneytisummeginYttistarfsemibankaeftirlitsins.EnnfremurvarfrumvarpinugertrWfyrirbreytingumaWYvervarWarskipunforstWumannsbankaeftirlits.Samkvmt2.mgr.28.gr.erYanniggertrWfyriraWbankarWskipiforstWumannsamkvmttillgubankastj;rnar.AforWalagikvWisinsverWuraWlyktaaWbankarWverWiaWfaraaWtillgubankastj;rnar.0greinargerWmeWfrumvarpinusegiraWbreytingYessisliWurYvaWaukasjlfstWibankansogskerpabyrgWarsviWogstj;rnskipulaginnanhans.MeWYvaWfraskipunarvaldbankarWihendursjafnframtveriWaWgefastWuforstWumannsaukiWvgi.JafnframtkemurframaWY;ttbankarWrWiforstWumannbankaeftirlitsinsfelistekkiYvaWbankarWhafiyfirhonumaWsegjaeWahafi J&"+ daglegafskiptiafstrfumbankaeftirlitsins   48      .XannigergertrWfyrirYvaWsaWilisem 1 skiparforstWumannhafiekkiyfir&  honumaWsegja.HrerYvumsmuaWstWuaWrWaoglUstvarhraWofanumtengslrWherraogforstWumanns.'Wq  Samkvmt1.mgr.28.gr.SeWlabankafrumvarpsergertrWfyrirYvaWbankaeftirlitiWstarfiundiryfirstj;rnbankastj;rnar.XannigergertrWfyriraWfelltverWitkvWiumyfirstj;rnbankarWs.SegirgreinargerWaW;heppilegtstaliWaWkveWaumyfirstj;rntveggjaaWilayfirYessaristarfsemi.BankaeftirlitiWskuliYvstarfaundiryfirstj;rnogbyrgWbankastj;rnareinsogallaraWrardeildirbankansaWundanskilinniendurskoWunardeild[   49      .S   tilhgunerbeinskeyttarienngildanditilhgunogfelurYvekkisrjafnmiklarttar;vissu.  2.StaWaVtryggingaeftirlitsins       Stj;rnsUslulegstaWaVtryggingaeftirlitsinserskUrarienbankaeftirlitsins.EftirlitmeWvtryggingastarfsemiheyrirYannigbeintundirrWherravtryggingamla,nviWskiptarWherra.Samkvmt1.mgr.50.gr.laganr.60/1994annastVtryggingaeftirlitiWstj;rnsUsluogeftirlitmeWYeirristarfsemiumboWirWherra.  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