{"id":6783,"date":"2008-10-09T11:19:11","date_gmt":"2008-10-09T09:19:11","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?p=6783"},"modified":"2016-06-17T11:19:45","modified_gmt":"2016-06-17T09:19:45","slug":"austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\/","title":{"rendered":"Austrian Financial Market Authority FMA has with immediate effect prohibited the Austrian branch of “Kaupthing Bank hf” from accepting customer funds and frozen all savings deposits in Austrian accounts"},"content":{"rendered":"

On October 8, 2008, the Austrian Financial Market Authority FMA issued an administrative decision (Bescheid<\/i>), pursuant to Article 57 par. 1 of the Allgemeines Verwaltungsverfahrensgesetz <\/i>(AVG; Code of Administrative Procedure) in conjunction with Article 15 par. 3 of the Bankwesengesetz<\/i> (BWG; Banking Act), which with immediate effect prohibits in part the responsible managers of the Austrian branch of “Kaupthing Bank hf” (Kaupthing Edge) of Iceland from conducting the business operation. On account of imminent danger, the branch is prohibited from accepting deposits and from transferring any deposits which have accumulated in an Austrian bank account since the account was opened. This measure will apply for the duration of the danger but for no longer than 18 months.<\/p>

\n<\/p>

For further information please contact
\n<\/b>Klaus Grubelnik (FMA Media Spokesperson)
\n+43\/(0)1\/24959-5106
\n+43\/(0676)\/882 49 516<\/p>\n","protected":false},"excerpt":{"rendered":"

Kaupthing Bank hf<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-6783","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nAustrian Financial Market Authority FMA has with immediate effect prohibited the Austrian branch of "Kaupthing Bank hf" from accepting customer funds and frozen all savings deposits in Austrian accounts - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austrian Financial Market Authority FMA has with immediate effect prohibited the Austrian branch of "Kaupthing Bank hf" from accepting customer funds and frozen all savings deposits in Austrian accounts - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Kaupthing Bank hf\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2008-10-09T09:19:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-17T09:19:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucija Stjepanovic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucija Stjepanovic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\\\/\"},\"author\":{\"name\":\"Lucija Stjepanovic\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/5c70db37d15a036781dd7cec261fad37\"},\"headline\":\"Austrian Financial Market Authority FMA has with immediate effect prohibited the Austrian branch of “Kaupthing Bank hf” from accepting customer funds and frozen all savings deposits in Austrian accounts\",\"datePublished\":\"2008-10-09T09:19:11+00:00\",\"dateModified\":\"2016-06-17T09:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\\\/\"},\"wordCount\":150,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/austrian-financial-market-authority-fma-has-with-immediate-effect-prohibited-the-austrian-branch-of-kaupthing-bank-hf-from-accepting-customer-funds-and-frozen-all-savings-deposits-in-austrian-accoun\\\/\",\"name\":\"Austrian Financial Market Authority FMA has with immediate effect prohibited the Austrian branch of \\\"Kaupthing Bank hf\\\" from accepting customer funds and frozen all savings deposits in Austrian accounts - 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