Glitnir's Resolution Committee concludes its work

As of 1 January 2012, Glitnir's Winding-up Board formally assumes all tasks of the bank's Resolution Committee, whose work is now concluded. This change is in accordance with amendments to the Act on Financial Undertakings, No. 161/2002, adopted by the Icelandic parliamentAlthingias Act No. 78/2011. Following the adoption of the Act, work has been underway to transfer tasks from the Resolution Committee to the Winding-up Board in order to implement the organisational change which took place at the end of the year 2011 without causing a disturbance to Glitnir's activities. This change has proceeded smoothly and is now fully implemented. On this occasion, thanks are due to the members of Glitnir's Resolution Committee for their positive efforts on behalf of the bank through more than three years of challenging times. Á íslensku